Trust matters cover the creation, management and distribution of assets held on trust, including advice on settlements, trustees, beneficiaries and the tax implications of trusts. A solicitor practicing in this area drafts and revises settlements, identifies and appoints trustees, and helps clients gather and transfer assets into the trust, as well as administering or winding up trusts and communicating with beneficiaries. They may also assist with variations, breaches of trust, and claims against trustees, including applications to the courts for directions or relief. The work is shaped by the terms of the trust deed, statute, and regulatory duties governing trusteeship.
Where a solicitor protects your position
The solicitor helps protect the client's position where decisions about distributing trust assets, trustees' powers, or tax consequences are at stake. They address issues such as breaches of trust, mandatory obligations, and the timely execution of distributions, with governance anchored in duties, beneficiary rights, and the potential for court intervention to safeguard assets.
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