Trust Creation and Advice

Within the Tax and Estate Planning department, we have significant experience and specialist knowledge of trust law and practice.  

Trusts can be suitable structures in a number of circumstances, including:

• a means of holding funds or property for children, either on the basis that an age is specified at which they receive an entitlement  or on the basis that the trustees are given discretion as to when they distribute funds;
• the protection of an individual who may not be able to make reasonable decisions for  himself or herself;
• a means of transferring shares in a private company to members of the next generation or to employees, whilst retaining control of those shares and their voting rights within the existing shareholders;
• the transfer of funds and property to other persons in a tax efficient way without a loss of control.

We can advise on the creation of new trust structures, with the tax implications and reporting requirements, and are also well equipped to advise on the terms of existing trust structures and implement any amendments that are appropriate, either for the purposes of tax planning or to change the terms on which a person becomes entitled to receive funds or property. 

The efficient ongoing management of trusts is an important aspect of a trustees’ duties and we also provide assistance in that area  For further information please see the trust administration section.

Please click her for information on Will, Trust & Estates Dispute Resolution.