Trust Creation and Trust Administration

Our specialist team of trust lawyers are experts in all areas of trust law

Trusts have been used throughout history and are a very useful legal arrangement that can help in estate planning with the mitigation of exposure to tax and also with asset protection when making provision for future generations of your family.

Put simply, a trust is where you give the ownership of your assets to someone known as a trustee to look after for the benefit of another person (or group of people) known as beneficiaries.

Our specialist team of trust lawyers can help with a number of different trust matters including:

• The set up of a variety of different lifetime trusts to help reduce exposure to Inheritance Tax, including spousal by-pass trusts for pensions; life insurance policy trusts; shareholder / director protection policy trusts and; gift and loan Trusts
• Help with the administration of trusts including tax compliance and advice on the on-going duties and responsibilities of being a trustee
• Trust paperwork including minutes of meetings, paperwork associated with the winding up of trusts and documents relating to the distribution of trust funds
• The appointment and retirement of trustees
• The restructuring of existing trusts
• Set up and administration of Charities
• Will trusts including trusts for business and/or agricultural property/assets or otherwise for protection against possible future care home fees or divorce or against other third party claims
• Trusts to define the ownership of land or property (known as Declarations of Trust)

“The private client team at Rix & Kay is adept at handling specialist trust, tax, and succession planning issues, and advises business owners on complex asset and personal wealth arrangements. The firm also fields a later life team specialising in Lasting Powers of Attorney and Court of Protection work, and a probate team assisting with estate administration. The practice is led by Bruce Clarke, who is described as always on the ball.”

“As a client, the key for me is technical competence, proactive and relevant advice coupled with strong personal relationships. It is rare to find all three so well catered for, and for me, Rix & Kay scores full marks here”.

“I work with Bruce Clarke, who heads the Private Client team at Rix & Kay. He is always on the ball as far as my affairs are concerned, and makes his advice so personal and relevant at the same time”.

“The calm and excellent Max Wright advises on estate administration, mental capacity issues, and an array of probate matters. He is a calm and excellent lawyer dealing with high value estates”.

“Ian Best – sensible knowledge and good personal attention”.

Industry peers praise Rix & Kay in the latest edition of Legal 500