We identify our clients’ needs and tailor our work to each set of circumstances, providing high quality, cost effective advice. We are a multi-disciplinary practice and work collaboratively to provide a comprehensive service across all of our practice areas.
Trusts are often feared for being overcomplicated and outmoded. They are not always simple, but they remain important and flexible tools to help with the controlled devolution and preservation of wealth.
We have a long established reputation in the field and regularly advise on the creation and day to day running of trusts for a wide variety of clients including settlors, trustees and beneficiaries of family and charitable trusts. We work closely with clients to ensure their trusts are utilised for maximum benefit. Our advice frequently covers one or more of the following aspects of trust law:
- Creation of trusts
- Distribution of trust assets
- Termination of trusts
- Tax implications
- Trustee powers and duties
- Change of trustees
- Application to the Court to vary a trust
Our approach is always to consider how useful and appropriate a trust is to individual circumstances. When it ceases to be useful, we advise on a trust’s efficient termination.
Administration of trusts
Once trusts are up and running, they need to be soundly administered, which includes the preparation of trust accounts and tax returns and adherence to the increasing volume of trust and tax compliance legislation. We seek to ensure that this is done as effectively and efficiently as possible.