Toggle Menu - Click Here

Services

Trusts

A Trust (sometimes called a Settlement) is the name given to a fund containing assets which have been ring-fenced for one or more particular persons. The person creating the Trust is known as the Settlor.

There are many reasons for wishing to create a Trust. These may include:

  • Making provision for Grandchildren
  • Protecting assets where there is a second or subsequent marriage or civil partnership
  • Tax planning.

There are a number of different types of trust. Trusts can be created during a Settlor’s lifetime or on death.

At Coupe Bradbury we can provide specialist advice to prospective Settlors and their families on the creation and management of Trusts. When providing advice we will give consideration to the following:

  • The position of the Settlor including their age, marital status, lifestyle, wealth
  • The persons to benefit and their personal and financial circumstances
  • The value of the fund to be placed into trust
  • The wishes of the Settlor and the intention behind the creation of the Trust
  • Any foreign element
  • Taxation implications of the gift into the Trust and any ongoing tax considerations.

We can also advise beneficiaries of existing trusts who are unhappy with the management of an existing trust.

Trusts can be complex and require specialist knowledge. At Coupe Bradbury, James Patterson is a member of the Society of Trust and Estate Practitioners (STEP). This means that he has acquired, with experience and examination, additional qualifications to enable him to provide high quality advice in this area of law.