Top 2 of 2 law firms for Living Trusts, Wills, Trusts & Probate | Todmorden, West Yorkshire

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Living Trusts, or inter vivos trusts, cover arrangements made during a person’s lifetime to hold assets for beneficiaries. A solicitor drafts the trust deed, advises on funding the trust with assets, and sets out the powers and duties of trustees, including who can manage the trust and when benefits are paid. They assist with ongoing administration, tax considerations, and potential implied debts or claims against the trust. If the settlor becomes unable to manage affairs, they guide succession and lifetime succession planning within the trust structure.

What a solicitor handles in these matters

The solicitor handles the technical mechanics of setting up the trust, naming trustees, funding with assets, and addressing tax implications, including inheritance tax and income tax. They also manage ongoing administration, distributions to beneficiaries, and potential changes to trust terms, ensuring compliance with the Trusts of Land and Appointment of Trustees Act 1996 where applicable and with relevant reporting requirements.

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Russell & Russell Solicitors LLP

4.8 296 Reviews

93%

Value for money

94%

Success rate

94%

Would recommend

We have found a review that matches your query

Karen Woods

Tagged solicitor Karen Woods

My family and I used Russell & Russell for the sale of our late mother’s property. Karen Woods and her team provided an excellent service. They were supportive, approachable and always responded quickly to questions and queries. The online portal was easy to use and aided the smooth running of the conveyancing. I’d have no hesitation in using their service in the future or recommending them to others.

Review left by Jonathan Crossley

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