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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.
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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We were dealing with my father's will. It was complex and took time to sort out, but the help was invaluable.
Review left by John Coutts
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Tagged solicitor Anwar Zeb Khattak
It was a really speedy process, we had to take out a grant of probate in order to acquire funds after the death of a family member. The service was very professional, the amount quoted was cheaper than other law firms and all around was made very easy to do due to flexibility of the firm and high quality service
Review left by Margaret Lavinia
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Tagged solicitor Riya Tehara
Rita was very professional and knowledgeable and a pleasure to have contact with. She answered all my questions which was reassuring.
Review left by Mick Baker
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Tagged solicitor Craig Delaney
Calthrops Solicitors were very professional throughout. Craig Delaney who handled our case was very knowledgeable and made us all feel very comfortable with his pleasant personality. We would definitely recommend them to anyone.
Review left by Sheila Stevens
