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Services for Settlors

For those contemplating setting up a new Trust you may find our broad range of estate planning services helpful.

Services to Settlors

For those contemplating setting up a Trust we can advise on the merits and complications of using a Trust for estate planning or other purposes

A Trust can be set up during one’s lifetime or, by Will or Codicil, on one’s death.  Either way, careful consideration does need to be had before creating a Trust.

Trusts are just one “tool” in the estate planners armoury but with careful use it can be very effective in safeguarding the family assets for the longer term benefit of the intended beneficiaries – perhaps children and grandchildren.

The legal principles of trust law and tax law are complex and always in a state of flux.  Where they interface confusion and misunderstanding can arise and if great care is not taken, there can be quite disastrous consequences. 

We can steer you through maze to ensure a satisfactory outcome with the objectives being achieved

In particular:

  • We can review your overall estate in light of your intentions and advise you on whether or not a Trust would be suitable in all the circumstances.
  • If a Trust is appropriate, we can draft the documentation necessary to set  up a Trust as well as peripheral documentation such as Letters of Wishes, Loan Notes (or IOUs)
  • We can advise you on the tax implications of setting up a Trust and we can ensure that the tax reporting requirements are properly complied with
  • We can ensure that the Trustees are fully aware of their responsibilities and give them guidance on how to administer the Trust

Furley Page Executor & Trustee Company Limited

Furley Page has its own Trust Company, Furley Page Executor & Trustee Company Limited.  The company is wholly owned by the Designated members (i.e. equity partners) of Furley Page LLP.  The company enjoys  the same level of professional negligence insurance as Furley Page LLP.

The company gives Settlors the opportunity to appoint an entirely independent Trustee of their Trust and also ensures that the Trustees have ready access to the range of professional skills that our Trust Team has to offer in providing a first class service to the Trustees.

For further information contact our Trusts and Trustees team.


 

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Furley Page is recommended by The Legal 500 for expertise in advising on Personal Tax, Trusts and Probate.

The Legal 500 2011 : Private Client - Personal Tax, Trusts and Probate

Furley Page Solicitors in Kent, London, Canterbury, Chatham & Whitstable
Get in touch on 0845 603 10 57