A Trust is a legal way of managing assets, either money, property or investments for a third party. There are a number of reasons why it might be good to consider setting one up; either during your lifetime, or in your Will. You might want to control and protect family assets or look after assets for someone who is too young or incapacitated.
Once a Trust is set up and conditions are met the assets will no longer be owned by you. The ‘Trustee’ will own the assets you place in a trust. This makes it their responsibility to manage and run the Trust for the ‘Beneficiary’. This is the person who the Trust is held for.
How can JLN help you?
Our knowledgeable team will help to take you through the process and understand the different types of Trust available, helping you to choose the right one for your needs.
Some areas we have particular experience in are as follows:
- Life Interest Trusts
- Discretionary Trusts
- Trusts for Business Property Relief
- Bereaved Minor Trusts
- Trusts for Holding Property
- Trusts for Pensions and Life Insurance
- Spousal By-pass Trusts
- Declarations of trust
If you wish to discuss any of our services in more detail or to receive a quote, please contact us.
We also identify and advise on other relevant areas of law, such as: Wills, Estate Administration and Probate and contentious probate. For more on these areas please see our Wills & Probate, Litigation and Contentious probate sections of our website.