At Sharp Cross & Mann Solicitors, we specialise in providing comprehensive legal advice and support for trusts. Our experienced team can guide you through the process of creating, managing, and maximising the benefits of trusts.

What is a Trust?

A trust is a legal arrangement that allows you (the settlor) to transfer assets, such as property, money, or investments, to be held and managed by a third party (the trustee) for the benefit of one or more beneficiaries. The terms of the trust, outlined in a trust deed or will trust, specify how the assets should be managed and distributed.

Why would I need a Trust?

Trusts serve various purposes and can be beneficial in several situations:

1. Asset Protection: By placing your assets in a trust, you can safeguard them from potential risks such as creditors, lawsuits, or financial disputes.

2. Inheritance Planning: Trusts offer a flexible and efficient way to manage your estate, ensuring that your assets are distributed according to your wishes after your passing. They can also help minimise inheritance tax liabilities.

3. Providing for Dependents: Trusts can be used to provide financial support for loved ones who may not be capable of managing assets on their own, such as minors, individuals with disabilities, or those who require long-term care.

4. Tax Planning: Trusts can be structured in a way that optimises tax efficiency, allowing you to reduce your tax liabilities and preserve wealth for future generations.

How we can help

At Sharp Cross & Mann Solicitors, we can provide you with comprehensive assistance in various aspects of trusts, including:

1. Trust Creation: We can advise on the creation of trusts during your lifetime through a trust deed or in the form of a will trust, tailoring the structure to align with your specific goals and intentions.

2. Asset Transfer: Our solicitors can assist with the transfer of property and other assets into trusts, ensuring that all legal requirements are met.

3. Tax Planning: We work closely with trust specialist accountants to provide guidance on tax planning strategies associated with the use of trusts, ensuring optimal tax efficiency for your situation.

4. Trust Management: Our team can assist with deeds of appointment and termination of trusts, as well as amendments to trust and assignments.

5. Expert Advice: With our extensive knowledge of trust law, our solicitors can offer expert advice on the most effective trust structures and strategies tailored to your unique circumstances.

By choosing Sharp Cross & Mann Solicitors, you can rely on our expertise and dedication to guide you through the complexities of trusts, ensuring that your assets are protected and your legacy is secured.