Trust Solicitors
Trusts provide a way of protecting your assets (sometimes for the future benefit of younger relatives).
Trust Solicitors in Cumbria
Protect your family wealth and provide for future generations, with expert support and advice from our Trust Solicitors.
In the course of organising your affairs, you may wish to protect your assets (for example, if you are worried about care home fees) or provide for very young members of your family. In both of these cases, it may be appropriate to draw up a Trust.
What is a Trust?
A Trust is a private legal arrangement where the ownership of your assets (such as property, shares or cash) is transferred to other members of your family or close friends. They would become your trustees, and would be charged with looking after these assets for the benefit of third person, or group (e.g. young children or grandchildren). These Trusts can take effect during your lifetime (a “lifetime settlement”) or shortly after death (a “will trust”).
Private Client Law services
Making a Will
Wills drafted by legal experts.
Living Wills
... & advance decisions. To make a living will (Advance Decision) or to find out how it might benefit you.
Dealing with Someone's Affairs
If you need assistance to deal with the affairs of someone who has passed away.
Powers of Attorney
Providing you with an opportunity to nominate people who can make decisions on your behalf if you reach a point where you cannot.
Lack of Mental Capacity
If someone close to you is not able to make decisions for themselves, it can be extremely upsetting. We provide guidance on the legal safeguards available to ensure that they remain protected.
Care Home Fee advice
You may wish to consider protecting your assets when being assessed for care home fee contributions.
Trust Advice
Trusts provide a way of protecting your assets (sometimes for the future benefit of younger relatives).
Why do I need a Trust Solicitor?
Trusts are used in the following situations (often in conjunction with a will):
- Providing for a husband or wife after death while protecting the interests of any children;
- Protecting the inheritance of young children until they are old enough to take responsibility for their own efforts;
- Providing for vulnerable relatives who are unlikely to be able to look after their own affairs, and;
- To help with succession planning in family businesses.
Our Trust Solicitors have provided practical advice to countless numbers of clients. We are here to help you make the right decisions when it comes to setting up a Trust.
For further information, please contact us at any of our offices. We will be happy to see you at a time convenient to you, or at your home if you prefer.
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