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Trusts

Trusts

Your responsibilities as a trustee

What is a Trust? A trust is a legal device that allows one or more people (trustees) to hold assets for the benefit of someone else (the beneficiary). The trustees are those who have legal control of those assets and decide who receives them, in accordance with the terms of the trust. If you have...

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Trusts

Trust Terms Explained

The purpose of this post is to outline an overview of some of the most common Terms and Clauses written into Trust's and break down the meaning or purpose of these into plain speak. List of Common Trust Terms and Clauses Whilst the Clauses and Terms contained within your Trust are going to depend...

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Trusts

Litigation Friends in the Court of Protection

What is a litigation friend? The Court of Protection makes decisions about individuals who lack capacity to do so themselves. More often than not, the person who is the subject of proceedings ā€œPā€ will also lack capacity to conduct the litigation. Where P or any other party to the proceedings...

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Trusts

Passing On Wealth At Your Discretion

What would you do if you came into a significant sum of money, whether through an inheritance, the sale of a property or business, or some other good fortune? Many people would like to permanently set something aside to benefit their children, grandchildren or others but retain some control. Read...

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