Trusts

When you create a trust you set up a holding device dividing ownership of assets between trustees and beneficiaries. Trustees legally own and manage assets in a trust for the benefit of beneficiaries.

 

It is key that you draw up an effective trust deed which clearly sets out the responsibilities of trustees and the rights of beneficiaries or the entire system is open to abuse.

 

We can help you create and administer a trust, ensuring the rights and interests of your beneficiaries are protected. We are experienced in creating trusts for the purposes of asset and wealth protection which allow you to hand over control of assets to people you trust so they can ensure your loved ones have a secure future. Our approach is to draw up trust deeds which prevent beneficiaries from squandering the trust property and minimises the risk posed by creditors in the event of future divorce or financial difficulties.

Image by Scott Graham

©2020 by Vincent Sykes. Vincent Sykes, Solicitors is authorised and regulated by the Solicitors Regulation Authority under SRA No. 75303. VAT Reg No: 737 9373 88