A family trust is a trust set up to hold a family’s assets to allow you to transfer any assets you hold to the trust, so you legally own no assets yourself, but offers the benefit that you can still manage your assets through the trust.
Family trusts can be a complex and specialist area and trustees’ decisions can have far reaching tax and legal consequences, so it is important that you understand the implications of setting up a trust and how it will work, and enlist the help of a specialist family trust Solicitor.
We can advise on establishing new trusts, administering ongoing trusts, and winding up trusts which are no longer needed. We also advise trustees, including those acting in a professional capacity, on their responsibilities and decision-making. Our family trust Solicitors will explain everything in a clear and considered way, so you know exactly what our advice means and how it will affect you and your trust.
If you would like more information on family trusts, call one of our family trust Solicitors on 01865 704 781, who will be able to offer you tailored advice on how to proceed.