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.
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.
"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)
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"Actons’ team is led by Mandy Kelly, who routinely advises high-net-worth individuals on tax and inheritance matters."The Legal 500
Very professional and caring. Could always ask for help in understanding the intricacies of my requests.Susan
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