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Trust Administration Services
Inter Vivos & Testamentary Trusts
Trusts come in different guises, but all have four key components:
- the Property, comprising the property and assets held in the trust.
- the Founder, which is the creator of the Trust.
- the Beneficiaries, those who benefit from the trust property.
- the Trustees, those who manage the trust property on behalf of the beneficiaries.
Testamentary Trusts arise from a will and are set up to allow trustees to manage the family’s money and property in the longer term or while the beneficiaries are too young to manage these for themselves.
An Inter Vivos Trust is set up during the founder’s lifetime, to use as a tax-planning tool, or to set aside funds for specific people or purposes.
Our team are experts in trustee and trust administration services. We offer a bespoke service to all our clients.
Medical Negligence & Road Accident Trusts
When someone has received substantial compensation emanating from a personal injury claim, a Medical Negligence or Road Accident Trust may be the best way to protect this benefit. This type of trust is also known as a compensation protection trust or special needs trust.
In many cases, such a trust will be used for the protection and benefit of someone who has been seriously injured in an accident, such as a road accident or an accident at work, where the nature of their injuries means they are unlikely to be able to work again.
Our team can assist with the registration and administration of any of these trusts.
Trust Deed Drafting:
A Trust deed is the founding document of the trust, which lays out the objective of the trust, instructions on how this objective should be achieved, key information about the founder, trustees and beneficiaries, and the powers and duties of the trustees and beneficiaries.