What is a trust?
A trust is created when a person ('the settlor') gives assets to other people known as ‘the trustees’ to hold, not for their own benefit but for the benefit of others (‘the beneficiaries’).
You can set up a trust in your lifetime or in your will. In either case the trustees then have to manage the assets on behalf of the beneficiaries according to the terms of the will or trust deed.
Trusts can be useful for a variety of purposes. There are several different types of trust that can be created:
- bare trusts
- life interest trusts
- discretionary trusts
We have specialist trust lawyers and trust administrators who can assist with establishing trusts and with the ongoing administration of trusts. We can assist trustees with the production of trust accounts and with the completion of trust tax returns.
Resolving a trust dispute
Our Dispute Resolution team has expertise in acting for both trustees and beneficiaries in trust disputes, see our Related section for more information.
Trusts and estate planning solicitors
To arrange a discussion with a trusts and estate planning solicitor click here or call us on 0800 840 4929. We are available to take your call twenty four hours a day, seven days a week.
