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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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Value for money
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Would recommend
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We have found a review that matches your query
Tagged solicitor Katrina Greenwell
Very professional and helpful, explained the issue clearly and ensured that we understood. Very friendly and approachable.
Review left by G.T Knight
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Value for money
95%+
Success rate
95%+
Would recommend
We have found a review that matches your query
Tagged solicitor Kelly Fox
I have dealt with Slade Legal as an agent for many years and always enjoyed working with them on transactions but this year we used them for the sale of my late father in laws property. Kelly was superb; proactive, honest and gave advice as a human rather than a legal robot (there's plenty of those out there!). It was a very stressful time for all concerned with several failed sales with weak buyers but Kelly was excellent throughout. If I ever bought or sold I would use Slade Legal and recommend them in a heartbeat.
Review left by David Pratt