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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 Franchesca Turnbull
Frankie sorted out my will and LPA's for me. Everything was explained,she was fabulous and covered everything in detail and kept me informed throughout. Would highly recommend Frankie.
Review left by Sam
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Tagged solicitor Lisa May
The team at EJ Moyle were brilliant at sorting my parents’ estate. They were friendly, efficient and extremely helpful and professional. I would highly recommend them to anyone who needs their services.
Review left by Diana Cannon
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Tagged solicitor Lucy McKenna
Lucy was extremely professional and used great communication throughout my time with her working on my case. She was always ready to listen and took on board all of my decisions with great care. The service was quick and I was always informed if every step and actions taken. I can't recommend her highly enough and when would be my first port of call, if I needed her devices again. A pleasure working with her and her company through a very difficult time.
Review left by Fiona,
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Very happy with my experience with these solicitors, as this was my first and only time going to a solicitors.
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