What is a TrustPeace of mind for you and your family
A trust is simply a legal relationship created when one person is given property to hold for the benefit of another. For Family Protection Trusts, these obligations are recorded in a deed.
There are 3 types of people involved in a trust:
1. The settlor - who establishes the trust and provides the trust property
2. The beneficiary - the person or class of person (such as all children) who will or may benefit from the trust property
3. The trustees - a person or people who hold the trust property under the terms of the trust for the benefit of the beneficiary or beneficiarie
Advising on and writing Trusts is a complex and niche area but it is our core business. We provide clients with comprehensive clear advice on the potential benefits and consequences of creating trusts either in lifetime or on death. We also provide drafting services where clients are referred to us by 3rd parties who have already received advice regarding the settlement of a trust and its consequences and require the services of a solicitor to draft the settlement documents and any associated transfer deeds.