Top 10 of 3,713 law firms for Trust Administration, Wills, Trusts & Probate
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Trust administration covers managing and distributing assets held in a trust, once the settlor has placed assets under trust and a trustee has accepted duties. A solicitor in this area helps trustees understand duties, prepares and finalises trust accounts, drafts and updates trust deeds, and advises on tax for trusts and potential variations or terminations. They oversee applications to progress distributions, collection of income, and dealing with beneficiaries and third parties. This work is shaped by the trust instrument, tax rules, and regulatory duties that govern trustees.
