Wills, Probate & Trusts:
TrustsA Trust enables you to leave money or property often known as the “Trust Fund” to a trustee or trustees for the benefit of an individual or group of individuals (known as beneficiaries"). The trustees have a duty to look after the trust fund.
A trust can either be created in your Will or by a separate legal document called a trust deed to operate during your lifetime. Trusts are useful for ensuring that dependents are provided for should they be minors, handicapped or need special care and incapable of looking after their affairs after your death. Trusts can also be used for tax planning purposes.
The law of trusts is complex and technical, at Towns Needham, we can assist with setting up the trust/settlement, the ongoing administration of the trust and winding up, or ending, the trust. We can also advise you regarding any tax implications – either in setting up the trust or during the ongoing administration.
Work Undertaken:
Email the Wills, Probate & Trusts Team
Carol Colburn
Nasreen Aslam
Carol Owen