Trusts
Tees can guide you through the process of setting up, running and managing a Trust.
What is a trust?
A trust is a way of planning for the future and providing protection. You can use a trust to pass your wealth on to your children or grandchildren, to pay for school fees or a care home, or as part of your tax planning. Our trusts specialists can help you use, and manage, trusts effectively. We'll make sure you're on the right side of their (often complex) rules and regulations!
Every trust has trustees, to make sure the trust operates appropriately. This can be tougher than it sounds, as the trustees have to stay on top of a shifting legal and taxation landscape. We also provide practical support and advice for trustees. So, if you need help running a trust after it's set up you can rely on Tees.
How we can help you
We know that trusts can be difficult and daunting. So our job is to make the process as simple for you as possible. We do this from the start – we’ll explain your options in plain English, and talk through your goals and any concerns.
On a practical level, we can set up a trust that will do exactly what you need it to do. We’ll also take care of the trustees, making sure they get clear, tailored advice on how to fulfil their duties under the trust.
Our bespoke trusts service
Our service is geared towards matching your circumstances – we can take on as much or as little of the work as you need. So you might want us to set up and manage the whole trust, or just to advise on one part, such as:
- trust accounts and tax returns
- tax efficient ways of making trust distributions
- ensuring trustees meet deadlines, such as paying tax
We also work closely with our financial team, which includes investment advisors and tax accountants. This way we cover all the angles and make sure your trust is managed efficiently.
You can trust in Tees
We currently advise on all types of onshore trust, such as charitable trusts, personal injury trusts, and inheritance planning trusts. Whatever you need, our team of lawyers, accountants and tax experts will give you the best possible service.
Tees covers every aspect of setting up, running and managing trusts. Call us now for specialist advice in every area of trust management, including:
Setting up a trust
We'll help you decide what type of trust is right for you. There are lots of different kinds of trusts, so we look at your circumstances in detail to get a full picture of your requirements. Then, we'll advise on the best solution for you. We have particular expertise in the creation of discretionary trusts, charitable trusts, personal injury trusts and declarations of trust for a property. We can also assist in the appointment of trustees, and our specialists have extensive experience acting as professional trustees.
Managing trust accounts and tax
Our trusts team have the expert insight, and practical experience, to manage your trust accounts and tax efficiently. We'll make sure that your tax liability is managed efficiently - so you never pay more than you have to! We'll also make sure any tax submissions are completed on time, and accurately - so you don't need to worry.
General trust administration
If you've already set up a trust, we can help you with the day-to-day administration. For example, we can help manage the trustees and guide you through the process of winding a trust up.
Call our Wills and Probate solicitors on 0800 0131165
For an initial chat, at no obligation, or fill out our enquiry form and a solicitor will get in touch.
