Trusts and Trust Deeds

What is a Trust and Trust Deed?

Most people have heard of Trusts but may not know exactly how these play a part in day to day life. A Trust is an arrangement where somebody is put in a position of responsibility to look after assets for someone else. This arrangement is put into a written document known as a Trust Deed.

Trusts are a great way to protect your wealth for the future benefit of your family and dependents by ring fencing assets and potentially saving on tax. However, the rules affecting a Trust can be complicated and at first seem overwhelming but it doesn’t have to be complicated. Our Trusts team can advice and guide you through the rules to stop you being overwhelmed.

How can the SAS Daniels’ Trusts team help you?

Our specialists Trusts team provide advice and reassurance to help you understand the law and tax rules surrounding Trusts.

We have extensive expertise in setting up, administering, varying and terminating all different types of Trusts and members of our team are accredited by the Society of Trust and Estate Practitioners (STEP). STEP is the global association of practitioners who specialise in family inheritance and succession planning which gives people the confidence to know that their legal adviser is a specialist in this area of law.

Each Trust is required to have one or more trustees and it is their responsibility to make sure the administration of a Trust is kept up to date, and the Trust is monitored in the best interest of the beneficiaries. It can sometimes be necessary to have an impartial person acting as a trustee, known as a professional trustee. Our team can act as professional trustees and can also help you choose the best person(s) to be your trustee. As professional trustees we can help make sure that any problems which arise from a dispute between the beneficiaries and family trustees, has the benefit of an independent person with the experience and qualifications to deal with such matters. Leaving you with the reassurance that your Trust is being managed in the best interest of the beneficiaries.

Our Trusts service:

We can save you time by giving advice on all aspects of the creation and administration of a Trust. We offer specialist advice and help in a flexible and bespoke way, either undertaking specific tasks to assist the trustees in their duties or providing the full range of services including:

  • Advising you on the range of Trusts available;
  • Drafting Trust Deeds;
  • Chairing trustees meetings;
  • Drafting Trust Accounts;
  • Completing Trust Tax Returns;
  • Drafting Deeds to complete the transfer of Trust Assets;
  • Assisting in the change of trustees;
  • Reviewing and advising on trustees’ powers and duties;
  • Acting as a professional trustee;
  • Implementing a Declaration of Trust when joint owners purchase a property.

Our experienced team are there for you when it matters most, meaning you can rely on us and leave feeling confident and reassured that your assets are fully protected.

Get in touch

For more information and advice on Trusts contact our team via our contact form or call us on 0161 475 7676.