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.

Continue Reading... Taxation Trusts Wills, Trusts & Probate

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... Taxation Trusts Wills, Trusts & Probate

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

Legal 500, 2020

“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 Trusts team are definitely SAS: Small enough to be personal, Able to deal with all sorts of complex trust issues, Seriously professional in everything that they do. Great people to work with.”

Andy Nevett

“We need our partners to provide the same level of care and professionalism we would offer to our own clients. That is why we are happy to recommend SAS Daniels.”

John Mortimer, Equilibrium Asset Management

“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

What is the difference between Executors and Trustees?

Executors are the people you appoint to deal with the administration of your estate after you have died. Trustees are the people you appoint to administer any ongoing trusts contained in your will. Both roles can be fulfilled by the...

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...

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.