Trusts
A trust is a legal arrangement that can be used to manage and transfer assets. You can use a trust in different ways, including to pass money on to someone after your death, or to pay for your care.
When you set up a trust, you can make some rules for how you want assets to be managed and distributed.
There are different types of trusts, and they are taxed differently, but some can be used to reduce your inheritance tax bill when you die.
Setting up a trust can be complicated. Using a reliable solicitor can help you avoid costly mistakes and delays. With offices in Wilmslow and Bramhall, our wills and probate solicitors can provide practical advice and legal help to set up and administer a trust.
Why use Sinclair Law Solicitors?
- Free 30-minute consultation so we can get to know you and your individual needs
- Jargon-free friendly service
- Avoid expensive mistakes, delays and disputes with expert advice
- A solicitor by your side through every step of the process, helping you plan for harder times during easier times
- Transparent pricing with no nasty surprises
- Rated ‘Excellent’ by our clients on Google and Review Solicitors
- Authorised and regulated by the Solicitors Regulation Authority
Your key contact
Jobeth Copping-Barrett, Solicitor & Head of the Private Client Department
Jobeth is passionate about helping people through emotionally difficult times. She prides herself on being compassionate, supportive and open with all her clients.
Jobeth has answered some of the most commonly asked questions below. If you need specific advice, book a free 30-minute consultation with Jobeth today. Call: 01625 526 222.
Trust FAQs
What is the purpose of a trust?
In a trust, assets are held and managed by one person or people (the trustee(s)) to benefit another person or people (the beneficiary). The person providing the assets is called the settlor.
Different kinds of assets can be put in trust, including:
- Cash
- Property
- Shares
- Land
What is a trust used for?
Trusts are set up for a number of reasons, including:
- To control and protect family assets
- When a beneficiary is too young to handle their affairs
- When someone cannot handle their affairs because they are incapacitated
- To support someone who might be considered a ‘vulnerable adult’
- To pass on assets while a settlor is still alive
- To pass on assets when a settlor dies (a will trust)
- Under the rules of inheritance if someone dies without a will (in England and Wales)
How much do trusts cost?
Please contact us for more information.