How we’ve helped our clients

The Pros of Having a Professional Trustee

Our Trusts team were appointed as a professional trustee under the Will of a client who wanted to ensure that his adult children were appropriately provided for, but taking into account their differing needs and financial positions.

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What to do with a Will with a Trust

Our Trusts team were approached by executors who had been appointed as trustees of a Trust that was created by the terms of the Will. They had never acted as trustees before and we were able to help explain to them their role, how the trust works, what their powers and duties are and the tax consequences of the Trust.

Continue Reading... Trusts

“SAS Daniels LLP is large enough to have the expertise in-house but not too large to lose the personal touch which is so important to clients. The team is technically extremely capable and all team members have an excellent bedside manner.”

Legal 500, 2018

“The firm’s communication is exceptional and makes for very smooth working.”

Legal 500, 2020

“I have found SAS Daniels very easy to do business with, their website is very clear, introducing their team, the numerous services and expertise that they can offer. Their communication is also very punctual, to the point and most importantly easy to understand. They network well across the team and...”

Richard Haszeldine

“Thanks for all your assistance with this. Circumstances have caused delays all the way with this, but thank you so much for your excellent work, friendly approach and unending patience.”

Gareth Jones

“At SAS Daniels LLP, team head Justine Clowes specialises in mental capacity work, care funding and older client issues. The ‘very knowledgeable and helpful’ Helen Kelly is recommended for her trusts work.”

Legal 500, 2016

How we have helped our clients

The Pros of Having a Professional Trustee

What to do with a Will with a Trust

FAQs

In whose name should trust assets be held?

The key thing is that trust assets are registered in the names of all trustees and as a general rule all trustee’s decisions must be unanimous. Ideally, there should also be some designation on the investment or account that the...

Can a trustee also be a beneficiary?

A trustee can also be a beneficiary but problems may arise if there are issues where a conflict of interest may apply. Suitable additional provisions may be required in the trust document to ensure no problems are caused.

Is a trust a separate legal entity?

A Trust does not have separate legal identity such as a company does but it will be separate from a trustee’s own personal affairs and if it is registered at the tax office it will have its own tax reference...

Is there a maximum number of trustees?

The maximum number of trustees that can be registered for property at the Land Registry is four and we would suggest that this is the maximum number of trustees that should be appointed.

Boris Johnson announced his four-point roadmap out of lockdown this week. What is the Government Response and what… https://t.co/1des9jJOii

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