Trust law is complex. There is scrutiny of trusts to ensure that trust structures have been established for proper purposes and are being properly administered.
We can assist with:
At the assessment, design and review stage, we will offer advice around whether a trust structure is right for your needs. If it is, then we move to establish what that trust structure should be, and, in the case of existing trusts, we review the structure and recommend any improvements including resettlement into new trusts.
As part of the review process we consider the following:
At the formation stage, we will offer advice around whether a trust structure is right for you. If it is, then we move to establish what the trust structure should look like.
In the case of existing trusts, we can review the structure and recommend any improvements including resettlement into new trusts.
An important part of the trust process is the transfer of assets. We assist clients to move assets from a company or personal ownership structure into the trust.
It is important to document and account these transfers correctly, including how they are funded.
We deal with:
It is important that trusts are managed correctly. We give advice to trustees and beneficiaries regarding the management and governance of trusts and dealing with trust assets, including advising when there is a change in personal circumstance or change to the law.
Annual management of a trust is important to assist the trustees to meet their annual obligations.
These obligations include meeting on a regular basis to consider all beneficiaries and keeping clear and accurate records of the trust’s assets and the trustees decisions.
It is important to ensure that any trust structure continues to meet the objectives of the original trust at the time the trust was formed.
We can assist the trustees and settlors to make specific changes required throughout the life of the trust to ensure continuity and, when the time is right, to properly wind up the trust.
Don’t hesitate to reach out to the team directly or if you’re not sure who best to contact, please reach out to us via our contact us page.