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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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Tagged solicitor Sarah Babajee
The help and advice I received from Sarah was exceptional, concise and efficient. I am more than happy to have used Sarah to sort out probate and my will. I will use her again.
Review left by Jenny
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Tagged solicitor Julie Ann Ashley
Have recently used Gardner Champion solicitors for Probate services. Gardner Champion provided a thoroughly professional service, were very approachable and professional in all aspects. Would use again and highly recommend.
Review left by Stephen
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Tagged solicitor Liam Bawden
Liam acted in a professional and efficient manner dealing with this for me resulting in a successful result. Thank you for your excellent service and support during this difficult time.
Review left by Anonymous
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Tagged solicitor Michael Horne
Spoke with Michael Horne today about a complex situation relating to Will & Probate. Michael was extremely helpful and clear in communicating solutions to my situation. Would definitely recommend.
Review left by Jonathon Mills
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Tagged solicitor Vicky Hosking
We came to see Vicky to have our wills drawn up. She was very approachable and able to answer our questions and the process was completed efficiently.
Review left by Caroline
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Tagged solicitor Corrina Sewell-Hill
Corrina at Kingsfords Solicitors Limited made our making of new wills both easy and gave us confidence that everything was correct and was as we required. The service was professional but in a friendly way which gave us confidence that everything was as we wanted.
Review left by Roy
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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