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Trust structuring covers creating and arranging trusts to hold wealth for beneficiaries, align with settlor objectives, and manage succession and tax. A solicitor drafts trust deeds or declarations, appoints or reorganises trustees, and registers the arrangement where required. They advise on who can benefit, how capital and income are distributed, and how the trust interacts with taxes such as inheritance tax, capital gains tax and annual charges. They also help with ongoing administration and compliance, including accounts and records, and advise on potential asset protection and succession implications.
The solicitor handles complex issues around settlors’ intentions, trustee powers and duties, tax treatment, and succession planning, including drafting provisions, dealing with trustees, beneficiaries, and professional advisers, and navigating possible disputes or regulatory requirements.
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