Call Us 0333 600 1000
Simpler Trusts.
What is a Trust?
Protecting your assets during your lifetime and beyond.
A trust is a legal arrangement created by you normally through a Will or a Trust Deed. You choose people or professionals, who are then subject to certain duties, to protect the trust assets for the use and benefit of others. Choosing the right trustees is vital. We offer a complete range of Trusts including the following:
​
-
Protective Property Trust
-
Flexible Lifetime Interest Trust
-
Residuary Discretionary Trust
-
Disabled Person's Discretionary Trust
-
Nil Rate Band IOU Discretionary Trust
-
Right to Occupy Trust
-
Business Property Relief Protection Trust
-
Asset Protection Trust
Different Types of Trusts.
Here's a brief explanation of Trusts, relevant to Estate Planning and how each can be a powerful benefit.
For more detailed information about Trusts view or download our dedicated Trusts Brochure.
The Role of Trustee.
Professional Trustee Services
A Trustee owes fiduciary duties to the beneficiaries. These duties are typically set out in the Trust Deed or provided by Statute. The main duties are; Duty to the Terms, Duty to Loyalty, Duty to Manage the Trust Effectively, Duty to Act Personally, Duty to Consider the Beneficiaries, and Duty to Account.
​
We recommend appointing a Professional Trustee who will take on the liability and responsibility for complying with the complex Trust legislation. Our sister company, Fidelis Legal Services are Professional Trustees and manage around £500,000,000 in Trust assets for our clients.