What we can help you with
- Discretionary trusts
- Life interest trusts
- Bare trusts
- Disabled persons trusts
- Personal injury trusts
- Advice to Trustees
Thousands of clients have trusted us to look after their futures and those of their families and loved ones. Setting up a trust is one way of passing assets to the next generation, without necessarily giving the assets to your chosen beneficiaries until they are mature enough to receive them.
Shares in a family business, a farm or a commercial property are all assets which could be transferred into a trust. Trusts can be set up when there are several owners of a property, or there is a desire to invest on behalf of children or disabled individuals or simply to clarify ownership of a home or other assets where there has been a second (or subsequent) marriage.
Setting up a trust can be a valid tax planning tool for those with significant wealth. Our solicitors have many years experience in assisting clients to set up and administer trusts. Trusts can be written into Wills or be set up during someone’s lifetime. There are different types of trusts for different situations, but the principles are the same. It is the role of the trustees to manage the trust fund and carry out the instructions of the person who set up the trust – known as the ‘settlor’.
Thomson Hayton Winkley’s solicitors can act as professional trustees or can advise trustees about their duties. Some of our solicitors are trustees for local charities and organisations, and some have qualified with the Society of Trust and Estate Practitioners (STEP), demonstrating their particular expertise.