A Trust is a fund which contains assets that are controlled by you and/or a nominated third party for the benefit of a specific individual(s). They can be set up at any time during lifetime to become operative during life. Alternatively they may be set up to become operative following death.
Complex legal regulations and separate tax rules govern Trusts. These rules can dictate how a Trust is managed and administered. Also various obligations are placed on Trustees on how to invest Trust Funds. It is important that the rules and regulations and legislation around this area are properly understood before setting up a Trust. Our solicitors have experience in such a complex area. They will translate into simple English the legal jargon in this area so that you can better understand the implications of your decisions and the consequences of those decisions on you and your family.
Please contact us to find out more about what a Trust can do for you and we will advise you in accordance with the law and your circumstances.
