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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 Carly Neville
Carly was very helpful persevering in locating my Mothers original will and throughout the entire probate process.
Review left by Penny Humphreys
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Tagged solicitor Peter Martin
I obtained a second opinion from Peter Martin on several matters where my existing solicitor had been failing in both service and explanation of the status with my divorce case, and a brief review of the way forward for applying for probate in respect of my late mothers estate . I found Peter to be extremely knowledgeable and straight to the point. The advice given has probably saved me further expense and valuable time, and has clarified my position in respect of a formal complaint against my divorce case solicitor. I would be pleased to recommend him.
Review left by Jeff
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Tagged solicitor Michael Bernard McGarry
We were very pleased with our experience of updating our wills. The admin staff and Michael were really friendly and professional.
Review left by Alison
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