Our trust solicitors can help you protect and manage your assets now and for the future.
Trusts are a way of managing wealth – money, investments, land or property – for you, your family, or anyone else who you’d like to benefit.
Contact our team to see how our trust solicitors can help you protect and manage your assets.
What is a trust?
A trust is a legal arrangement that manages money or assets for the benefit of specific people. When you set up a trust, you decide who will oversee the trust (the trustees) and who will benefit from it (the beneficiaries).
Assets can still generate income once they have been placed in a trust. Properties can still charge rent, shares still collect dividends, and money can still generate interest. This income can either stay in the trust or be paid to beneficiaries.
Assets may increase or decrease in value while in a trust – it is the trustees’ responsibility to manage this in the beneficiaries’ best interest.
As such, trusts do sometimes have to pay tax. However, it can be more tax-efficient to put assets in a trust and receive income as a beneficiary than it is to receive the income directly.
What can Irwin Mitchell’s trust solicitors help with?
We can help you set up a trust to:
- Safely pass on assets to the next generation
- Fund education for your children and grandchildren
- Provide for vulnerable loved ones
- Provide for children and partners from different relationships
- Manage personal injury compensation
- Reduce inheritance tax payments
- Protect assets from creditors or divorcing partners.
Why choose Irwin Mitchell’s trust solicitors?
We understand that every person’s financial and family situation is totally unique. Our lawyers will work closely with you and provide a bespoke plan engineered to your individual needs and requirements.
We have unsurpassed experience with all aspects of trust law and taxation and can offer practical, tax-efficient advice on creating, administering, changing, and ending your trust.
You’ll benefit from the fully comprehensive legal knowledge of our specialists across the fields of Wills, estate planning and tax law. Whether you hold assets in the UK or across the world, we can help.
Our offices are located around the UK and have confidential meeting rooms where you can meet your trusts solicitors. We can also meet you at an appropriate location or arrange phone or video calls. We’ll always work in a way that’s best for you.
Advise trustees on personal risks, duties and responsibilities
Experience in setting up, running and advising on trust matters
Offices across the country
Experts in trust tax planning
For general enquiries
0330 123 3882
Or we can call you back at a time of your choice
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