

They are a frequently used way of protecting assets for young people until they are capable of taking control of the assets for themselves. Trusts can also be a way of reducing the inheritance tax payable on your estate, if planned and prepared properly.
A trust can be made during your lifetime, but also many people establish a trust through their will.
The terms of the trust – dictating the limits of the power and authority of the Trustees and when the beneficiaries can have access to the assets – are confirmed in writing.
There are many types of trusts for different purposes which each have their own tax rules. Some of the most-commonly created are:
At Else Solicitors we have considerable experience of managing trusts and can guide you through all the options and explain the practical and tax benefits of each one.
We can handle all the formalities – such as checking documents, moving assets into the trust, and registering the trust if necessary. We can also deal with tax returns and ensure full compliance with all legal requirements.
For more information and advice on Trust Administration, please contact Kathryn Caple on 01283 526230 or email kathryn.caple@elselaw.co.uk.
Partner - Head of Wills & Probate
We build productive, long-term relationships, with our clients and their families. By listening to you and examining your individual circumstances, we strive to establish a deep understanding of your situation and needs.
If you would like to discuss your situation with one of our Will solicitors contact 01283 526200. Alternatively, you can email info@elselaw.co.uk and we will get in touch at a time that suits you.