Business trusts cover how a business uses trusts to hold assets, manage wealth and plan for succession while staying within the law. A solicitor in this area drafts or amends trust deeds, names trustees and protectors, and sets out powers and duties. They advise on tax planning, asset protection, and the transfer of shares or interests into trust structures, review ongoing administration, beneficiary rights, and conflict resolution, and liaise with accountants, lenders and regulators as assets and interests evolve.
What a solicitor handles in these matters
A solicitor handles the defined set of tax planning provisions, trust structures, and administrative steps, including drafting deeds, settling assets, appointing trustees, and managing ongoing compliance and reporting. They navigate the complexities of commercial trusts, corporate group structures, and cross-border considerations, ensuring the arrangement remains valid, enforceable, and fit for purpose as business needs change.
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