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This work covers the creation and ongoing administration of lifetime trusts and the trusts that arise when someone dies, including handling the transfer of assets into a trust, drafting the trust deed, managing trustees, and administering the estate or trust in line with the terms set out by the settlor or the will. A solicitor in this area drafts and reviews trust documents, advises on tax and funding of the trust, liaises with executors and beneficiaries, and, on death, oversees probate matters and the distribution of assets according to the trust or will. The work is shaped by the terms of the trust or will, UK tax rules, and the responsibilities of trustees and executors.
The solicitor ensures that the trust is valid and properly funded, that trustees understand and follow the trust terms, and that distributions and reporting are carried out in accordance with applicable law and the trust document. They provide guidance on tax issues (including inheritance tax and ongoing income tax), safeguard the interests of beneficiaries, maintain proper accounts, and handle any disputes or changes in trusteeship, all within regulatory and fiduciary standards designed to protect the client’s position and the integrity of the trust.
You searched for Advising on the Creation and Administration of Lifetime Trusts and Those Arising on Death specialists. Here are related areas of law to help you narrow down your results.
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Tagged solicitor Cathy Eaton
We found Tollers excellent at giving clear advice over the free Will service. Their service was clear and efficient and we will not hesitate to use Tollers in the future.
Review left by JNotcutt
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Tagged solicitors Nicole Barrs and Samantha Smith
From the beginning Nicole and Sam were always there to advise me, hold my hand, and help me navigate the foreign legalities of the UK. In addition, everyone I had contact with in the office was unfailingly kind and helpful. When I have the good fortune of returning to Sunderland, I will definitely seek you out. It goes without saying that I would recommend your Firm without hesitation. Thank you from the bottom of my heart.
Review left by Jeanne Partridge
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Tagged solicitor Megan Quigley
Friendly, helpful and efficient service. Questions were answered politely with full explanation where necessary. We were kept fully informed throughout the process
Review left by Anonymous
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Tagged solicitor Rachel Keegan
Outstanding service. Professional, approachable, highly efficient. Great clarity in the communication style. Excellent value for money.
Review left by Barbara C
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Tagged solicitor Lea Maynard
Following the death of my husband, I was faced with the issues of dealing with transferring title of our jointly held French property (a very small house) into my name only and subsequently the sale of the house. I had no knowledge of the stages involved or how to approach them. These difficulties were compounded by a very unresponsive Notaire in France. Lea came to my rescue, explained the process and various stages involved and undertook the negotiations with the Notaire. It transpired to be a long process (although I now understand that it is inevitably much longer than in the UK) but Lea chased and followed up with the Notaire, resulting in a successful transfer of title and sale. This help and advice was invaluable. Always professional but kind, understanding and empathetic. Someone on whom I could rely. With my sincere thanks to Lea and to Buckles.
Review left by Anonymous
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Tagged solicitor Lindsey Ottywill
Lindsey was a breath of fresh air. Very approachable and knowledgeable on the subject. A PLEASURE to work with.
Review left by M Thimblethorpe