Trusts have a reputation for being complicated – this doesn’t have to be the case.
Actually, in many circumstances trusts provide an ideal solution to issues like inheritance tax planning and protecting assets.
The success of a trust depends on a well drafted trust document.
At Actons, our specialist team of trust lawyers can create, administer and terminate all types of Trusts. So whether you are considering making a trust or are a trustee charged with the responsibility of running one, we can help you.
Creating a Trust
Download our free guide on creating a trust, which are commonly used to manage a variety of assets for a variety of different reasons.More
What is a Trust?
A Trust is a formal transfer of assets (such as property, shares or cash) to a group of people known as trustees with specific instructions that they be held and used to benefit others.
How long can a Trust exist?
Generally a trust can last for a maximum of 125 years, but in most cases such trusts can be brought to an end long before this time.
Who can be Trustees?
Anyone, over the age of 18 who you trust to carry out your wishes. For tax purposes, it is also generally better if the Trustees are resident in the UK.
The Legal 500 2021: Personal Tax, Trusts & ProbateActons undertakes a wide range of matters concerning wills, trusts and estate planning for individuals, farmers and business owners. Its team has notable expertise in contentious work, including contentious probate and Court of Protection applications. The firm has a strong presence in the charities sector and is associated with Age UK Nottingham & Nottinghamshire and Reach Learning Disability...the team is now led by associates Bindiya Patel and Heather Parker; the latter was a key hire from Rotheras.
I was very satisfied with the support I was given.Marie
"Actons ‘provides excellent comprehensive service with a personal touch’. The ‘very professional and trustworthy’ team advises on the full range of will, trusts and probate work, often collaborating with the firm’s corporate and commercial departments to better service owner-managed and family businesses."The Legal 500 2018 (Personal Tax, Trusts & Probate)
Was always kept informed of all aspects and was able to easily access Bindiya and get an answer to any queries I had - would highly recommend her.William
"Great service lovely people and very easy to talk to, very understanding, would be delighted to recommend Actons to other people."Jane Walker