Trusts are powerful tools for protecting and managing your wealth for future generations.

By listening to your specific needs, our specialist solicitors can advise on the most suitable type of trust. We also guide trustees on their legal responsibilities to ensure compliance with the Trust Deed. Whether it’s for residential or buy-to-let properties, a business, or investment portfolios, you can be confident that our experts will establish your trust correctly.

What is a Trust?

A Trust is a legal arrangement where you (the Settlor) transfer assets into the Trust for the benefit of others (Beneficiaries). The Trust is managed by Trustees selected by you.

Benefits of Setting Up a Trust

Trusts offer several advantages, including:

• Tax planning benefits
• Financial support for vulnerable family members
• Protecting family wealth from divorce or bankruptcy
• Keeping life insurance separate from your taxable estate

Types of Trusts

We tailor our advice to suit your goals, recommending the most appropriate type of Trust. Some common types include:

• Bare Trusts: Beneficiaries have the right to capital and income after turning 18.
• Interest in Possession Trust: Beneficiaries receive income from Trust assets but not the capital.
• Discretionary Trusts: Trustees decide how income and capital are distributed.
• Settlor-Interest Trust: Allows the Settlor or their spouse to benefit from the Trust.

Legal Requirements for Creating a Trust

A Trust requires:

• Clear intention to create a Trust.
• Specific Trust assets.
• Identifiable Beneficiaries.

Our Trust Solicitors meticulously draft Trust Deeds to ensure your instructions are clear and legally sound. We also handle the administrative provisions required for specific assets, including businesses, and limit Trustees’ liability if they are not professionals.

Why Choose Us?

Our Trust Solicitors have deep expertise in Trust law and are committed to meeting your objectives. We are known for our results-driven, cost-effective approach, making us one of the most successful private client law firms in Nottingham and Nottinghamshire.

Smalleys Solicitors provides exceptional Trusts and Wills, Estate & Trusts services to clients. People choose and recommend us not just in Nottingham, Arnold, Hucknall, Derby and Mansfield, but across Nottinghamshire, Derbyshire, Leicestershire & the East Midlands, and the whole of the UK, because we get results.

To receive expert advice and representation regarding Trusts and Wills, Estate & Trusts, please contact us using the form below, call us on (0115) 955 6555, email via the Request a Callback form on this contact page.