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Trust Establishment, Administration & Taxation Lawyers
With many families reviewing their personal estate planning, many are looking to trusts as a means to protect their assets.
Trust Establishment: What do I need to consider?
Trusts are a popular structure for families to use but it is important to make the trust work for you and your personal circumstances. There are various options to choose from - whether a traditional domestic trust or perhaps an alternative structure. Equally, your interests may suit a more commercial structure such as a partnership or company. In some complex cases a tailor made structure might combine all of these elements.
An integral part of our advice will be to focus on the tax implications and whether the on-going financial commitments warrant the return. A sound understanding of your financial, business and family circumstances and objectives is essential. We will co-ordinate and “project manage” work requiring the involvement of advisers in other fields and jurisdictions.
For more information about international trust structures and wealth planning, please click here.
As well as advising founders or “settlors” and their families, we also support trustees.
Trust Management: How do I manage a trust once established?
Many of our clients like us to maintain and administer their trusts. We manage over 800 trusts on behalf of clients; some of these have been in existence for generations, but many are more recent. These cover UK resident family, charitable and personal injury trusts, with a wide range of trust assets including cash, investments, family company shares, land and houses.
We support UK trustees in the management, accounting and tax issues they face, including:
- providing professional trustees where required, including our own dedicated trust corporation
- preparing trust accounts and financial statements
- liaising as required with investment advisers
- managing all the trust's tax affairs, including calculating tax liabilities, meeting HMRC compliance requirements and dealing with beneficiaries' trust tax affairs
- recording the trust's investment policies and monitoring investment performance.
Meet the team
Related pages
International Wealth Structuring
We advise international individuals, and their trustees and advisers, on the establishment and administration of asset holding structures.
Mental Capacity & Court of Protection
For those preparing documents to help protect finances and welfare when you no longer have the capacity to act.
Private Property
For those with personal property assets or those looking to purchase them.
Private Wealth
We enable people to make the most of their wealth now and in the future. No other private wealth law firm has the scale, reach and breadth of services.
Private Wealth Disputes
We provide tailored solutions for all varieties of domestic and international disputes for families and private wealth professionals.
Reputation Management
Our team of experienced media dispute specialists is highly attuned to advising private individuals on ‘reputation management’ issues.
Tax Disputes & Investigations
Handling disputes and investigations for you across all areas of tax.
Wealth Structuring
For those wishing to draft a Will to distribute their assets through efficient structures.
What's important to you is important to us. Let's talk
If you would like to speak to a member of our Private Client team or to find out more about how we work, please get in touch.
Our thinking
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Mike Barrington and Mary Perham write for Tax Adviser on what the proposed changes to business property relief mean for investors and entrepreneurs, and for their businesses
Mike Barrington
In the Press
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The Telegraph quotes Julia Cox on the use of Family Investment Companies for inheritance planning
Julia Cox
In the Press
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Grégoire Uldry and Alexia Egger Castillo write for Wealth Briefing on relocation to Switzerland and trusts
Grégoire Uldry
In the Press
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Sarah Wray writes for Professional Adviser on the inheritance tax consultation on agricultural and business property relief
Sarah Wray
In the Press
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William Marriott and Sophie Clark write for EG Magazine on structuring the bank of mum and dad and family trusts
William Marriott
In the Press
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Dominic Lawrance and Catrin Harrison write for Tax Journal on the implications of the Court of Appeal judgment in the case of ‘A Taxpayer v HMRC’
Dominic Lawrance
In the Press
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Charles Russell Speechlys finds that Gen Z prioritises financial planning and saving amidst growing economic challenges
Sally Ashford
News
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The Financial Times and The Telegraph quote Catrin Harrison on the growing use of life assurance as a strategy to mitigate against inheritance tax liabilities
Catrin Harrison
In the Press
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The Financial Times quotes Sangna Chauhan on the impact of the abolition of UK non-dom status on her workload
Sangna Chauhan
In the Press
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The Independent quotes Dominic Lawrance on the ‘watering down’ of Labour’s non-dom tax reforms
Dominic Lawrance
In the Press
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The Financial Times quotes Sally Ashford on predatory marriage and claims against wills
Sally Ashford
In the Press
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Grégoire Uldry and Alexia Egger Castillo write for Wealth Briefing on relocating to Switzerland and the lump-sum tax regime
Grégoire Uldry
In the Press
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The Straits Times quotes Kurt Rademacher and Marcus Yorke-Long on trends amongst business owners in Asia following the US Election
Kurt Rademacher
In the Press
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The Times quotes Henry Fea on the potential options available to farmers to help minimise inheritance tax bills
Henry Fea
In the Press
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Charles Russell Speechlys welcomes new Partner specialising in Corporate Tax
James Stewart
News
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The Financial Times quotes Dominic Lawrance on our Firm's role in the Foreign Investors for Britain lobby group
Dominic Lawrance
In the Press
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The Sunday Times quotes Julia Cox on the impact of potential capital gains tax rises on businesses and entrepreneurs
Julia Cox
In the Press
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The Financial Times quotes Sophie Dworetzsky on the potential watering down of Labour’s non-dom tax plans
Sophie Dworetzsky
In the Press
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The Telegraph quotes Dominic Lawrance on anticipated tax changes and the impact on non-doms
Dominic Lawrance
In the Press
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The Telegraph quotes Julia Cox on the potential hike to capital gains tax
Julia Cox
In the Press