My downloadable guide provides an accessible introduction to the complex world of trusts and trusteeship within England and Wales. It outlines the historical context, legal framework, and practical considerations for establishing and managing trusts.
Trusts are versatile legal arrangements used for wealth protection, tax planning, estate management, and safeguarding vulnerable beneficiaries. The guide explains the three main types of trusts—Bare Trusts, Interest in Possession Trusts, and Discretionary Trusts—highlighting their key features, benefits, and tax implications.
It emphasises the importance of selecting suitable trustees, understanding their fiduciary duties, and complying with the Trustee Act 2000. Trustees must act prudently, maintain accurate records, and seek professional advice, particularly regarding investment decisions. The guide details investment principles such as diversification, suitability, and ongoing review, stressing the need for due diligence when appointing advisers.
Practical advice is provided on when trusts are appropriate, common pitfalls to avoid (such as so-called “Asset Protection Trusts”), and the risks of litigation for trustees.
Overall, this guide serves as a comprehensive resource for individuals considering trusts as part of their estate planning strategy, while underscoring the necessity of tailored legal and tax advice, which I can provide.
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If you think I may be able to help, you’re welcome to contact me by phone, WhatsApp, email, or through the online enquiry form.
If you want to discuss a possible new Trust and receive a quote, please complete this questionnaire.
If you want to discuss an existing Trust and receive a quote, please complete this questionnaire
Your initial consultation is at your convenience, at my expense, and without obligation.