Private Client | Trusts
What is a Trust?
A trust is an arrangement where assets are held by one or more persons (the trustees) for the benefit of another (the beneficiary). This can be set up during a person’s lifetime or it can be created in a person’s will to take effect after their death.
Why a Trust?
A trust can be used to:
  • Provide for children or grandchildren who are too young to look after money themselves.
  • Provide for someone with a disability.
  • Provide a safeguard where there are second families, so if you die your assets do not bypass your own children.
  • Preserve assets for future generations.
We can advise on the following areas:
Setting up a Trust
  • Preparing the paperwork to set up a new trust
  • Advising on the tax and practical implications
  • Sending the necessary tax information to HMRC
  • Advising on appointment of trustees
For Trustees
  • Advising on duties and responsibilities
  • Preparing annual trust accounts and tax returns
  • Advice on when to give income and assets to beneficiaries
As a Trustee
  • Managing the trust’s money and property
  • Making payments of income and assets to the beneficiaries
  • Keeping beneficiaries informed
  • Ensuring tax paid is correct and settled on time
Speak with one of our trust experts Steven Lord, Nicola Davies or Alex Jennings on 01425 610078 or 01590 689500 for further advice

Our private client services:

Private Client Team
Alex Jennings
MD, Solicitor & Notary Public
Nicola Davies
Director & Legal Executive
Danielle Harvey
Steven Lord
Probate Manager