Trusts are created for a number of reasons for example, to provide on-going support for a beneficiary under your Will, to provide tax effective estate planning or to benefit a charity.
Trust Administration is a complex area with many pitfalls for the unwary or inexperienced. The Trustee has full control over the assets held by the trust so it is important that they are entirely trustworthy and able to manage all aspects of trust administration. Before you consider naming a friend or relative as your Trustee you should remember that this duty is ongoing and complicated, involving specialised financial understanding. In many instances it is better left to a professional such as the Public Trustee.
Our in-house solicitors, accountants, trust officers, tax and investment specialists are well-versed in the many complexities of trust administration and are able to provide impartial advice as to which trust is best suited to your requirements. There are several different kinds of trusts available, and it’s often a question of matching your requirements with the right one. Our experienced trust, legal and taxation officers are able to advise you on the type of trust to suit your particular needs and circumstances.