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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 Jake Chambers
Jake did an excellent service for me. The patience with me , the professionalism and overall quality of the work was beyond my expectations. Thank you Jake.
Review left by Anonymous
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Tagged solicitors Hollie Nelson and Nicola Pluck
Very professional in what they do. Also very friendly and patient, they make sure you understand things before you sign any paperwork. Would recommend them to anyone.
Review left by Mr Hewitt
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Tagged solicitor Ashlie Harwood
I found Ashlie very helpful and professional when writing my Will. Any questions I had were always answered immediately and the process was explained in detail but in the way I could understand. I cannot recommend Ashlie Harwood highly enough for this service.
Review left by Alison Gray
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Tagged solicitor Katy Taylor
I was very pleased with all the work carried out for me by the solicitor. She made the whole experience easy and explained everything clearly in language that was understandable.
Review left by Anonymous
