Trusts

Trusts are commonly used for tax and estate planning purposes, or to support minors and incapacitated individuals.  Determine whether a trust is appropriate for you and your family and assist in the creation and administration of a trust if it is right for you.

Setting up and managing a trust can be complex. We can provide specialist advice to ensure that a trust is appropriate for you based on your specific circumstances, including:

• Advising you on the types of trusts available;
• Drafting trust deeds;
• Chairing trustee meetings;
• Drafting trust accounts;
• Drafting deeds to complete the transfer of trust assets, including winding up an existing trust;
• Assisting in the change of trustees; and
• Reviewing and advising on trustees’ powers and duties
• If you need advice about a dispute regarding the terms of the trust or the actions of trustees, our disputes resolution team can assist

NEWSFLASH: We are aware that there are some unregulated companies currently marketing ‘asset preservation trusts’, ‘family protection trusts’ or ‘flexible trusts’ in Suffolk.  These schemes are often sold as a way to protect a home from care fees or reduce inheritance tax. In reality, many provide no such guarantees and instead leave families facing a plethora of problems.  Please see the following report for more information:  https://lifetimelawyers.org.uk/Public/Resources/Campaigns/Trust-or-Trap-The-hidden-dangers-of-asset-protection-trusts.aspx?hkey=9ce8d94a-176d-4082-b1b8-14aea42e8efb

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