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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 Jessie Sun
I was lucky enough to be recommended Capa Law. I found it very easy to deal with all the staff. Jessie was my conveyor to sell my late mother’s house, she done a great job and communicated with the other solicitors I had representing me during probate.
Review left by Kenny
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Tagged solicitor Debra Williamson
Easy and professional service from end to end. I made contact and got an initial appointment within a few days. The engagement felt very personal to us rather than a prescribed approach you often get with larger organisations. Our wills were then prepared and signed within a week! Would recommend to all.
Review left by Stewart Gordon
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Tagged solicitor Gill Tobin
We have received excellent service from Dovaston Law. All our enquiries and concerns were dealt with quickly and efficiently and we were updated on events as they happened so that we were always aware of situations that we were required to attend to and that they had dealt with.. We would have every confidence in recommending them and thank them for their help and professional attitude.
Review left by John,
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Tagged solicitor Claire Fuller
Very good clear advice and navigation through a difficult LPA process…. All documents completed and actioned in good time.
Review left by Tony Daly
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Tagged solicitor Kirsty Sharp
Our dealings were with making Wills and Lasting Powers of Attorney. It was explained very well and put into words we understand. She was very honest and polite and made us feel at ease.
Review left by M Shaw
