Setting up a trust can allow you to ensure your loved ones would be provided for if you were no longer around, as well as being a great option for tax-efficient estate planning. Trust law is complex, however, so it is essential to get expert legal advice to ensure you are able to effectively achieve what you need to and that your trust operates as intended.
At Stephen Rimmer, our dedicated team has exceptional experience handling all aspects of trusts and trust law. We can provide a tailored approach to meet your needs, helping you to get the right provisions in place for you and your loved ones.
How we can help you with trusts
Our trust lawyers offer sensitive, practical support for matters including:
- Setting up trusts
- Advice for trustees
- Acting as professional trustees
- Trust disputes
Why choose Stephen Rimmer for trust law advice and services?
Our Private Client team is headed by Joe Richardson, a highly experienced solicitor and partner in the firm. Joe is supported by a very able team, including consultant Nicholas Manning, who is a member of the Society of Trust and Estate Practitioners (STEP), the leading global association for solicitors specialising in inheritance, trusts and estates.
Across our team, we have exceptional expertise in a wide range of matters related to trust law, so can deal effectively with everything from straightforward trusts to the most complex trusts holding high value assets.
As a firm, we have very high customer satisfaction rates, with a large percentage of our new business coming via recommendations from current and former clients.
Book a free 30-minute consultation with our trust solicitors in Eastbourne or Hastings
We offer a free, no obligation 30-minute chat with one of our specialist trust law solicitors to all new clients.
To arrange your initial consultation, you can:
- Call: 01323 434414
- Email: email@example.com
- Or pay us a visit at 28 – 30 Hyde Gardens Eastbourne East Sussex BN21 4PX
Our trust law services
Setting up a trust
We can assist with setting up any type of trust to match your needs, including preparing the trust documents, choosing your trustees and transferring assets into the trust.
Advice for trustees
Our team regularly advise trustees on carrying out their role, including dealing with day-to-day issues, such as managing the trust income, as well as matters such as preparing annual accounts and dealing with issues such as trust disputes.
Acting as professional trustees
Where required, our trust solicitors are able to act as professional trustees, using our expertise to ensure your trust is managed effectively and your beneficiaries properly taken care of.
Should a dispute arise over a trust, whether between trustees or between a trustee and a beneficiary, we can help you find a solution. With a strong focus on alternative dispute resolution, our team can typically find a workable solution without the need for costly, time-consuming court proceedings.
Find out more about our dispute resolution services.
Our trust law pricing
We are able to handle some aspects of trust law on a fixed fee basis where appropriate, e.g. creating trust documents for straightforward trusts.
For more complex matters, our trust solicitors will charge according to agreed hourly rates. Where this is the case, we will tell you the hourly rates charged by everyone we expect to work on your case and give a realistic estimate of your likely overall costs.
Find out more about our hourly rates and the way we charge for our work.
Types of trusts we can assist with
Bare trusts – Gives beneficiaries the right to the assets in the trust and the trust income. Often used for children who have received an inheritance and who are not yet old enough to manage the funds.
Charitable trusts – Trusts set up to facilitate the existence of a charity.
Children’s trusts – Used to hold assets from pension funds or death in service benefits to support children should one of their parents pass away.
Discretionary trusts – Used to provide for beneficiaries who are not capable of managing their own money or where beneficiaries are in the process of divorcing.
Family trusts – Trusts set up to continue to benefit members of your family over several generations.
Interest in possession trusts (life interest trusts) – Set up during your lifetime or in your Will. Commonly used to protect a share of your house, or your overall estate, for the benefit of your spouse or another loved one.
Lifetime trusts – Trust set up during your lifetime, usually to secure assets for particular beneficiaries.
Personal injury trusts – Used to ringfence compensation so the beneficiaries can use the money they received without it being counted for means-tested benefits.
Property trusts – Trusts set up to protect a property, either during one’s lifetime or as a Life Interest Trust created in a Will.
Will trusts – Where provision is included in a Will for a trust to be set up upon the death of the person making the Will.
Who can be a trustee?
Anyone over the age of 18 can be a trustee, with a few exceptions.
A trustee cannot be:
- Disqualified as a trustee or company director
- An undischarged bankrupt
- Someone with certain unspent criminal convictions
Being a trustee is a serious responsibility, so it is important to pick someone you have confidence can carry out the rule effectively. It is common to choose a professional, such as an accountant, financial advisor or solicitor to act as a trustee.
You can have more than one trustee and it is normal to do so as this ensures the full responsibility does not sit on a single person’s shoulders and provides some redundancy in case a trustee becomes unable to carry out their role.
How long does it take to set up a trust?
This depends on your circumstances and requirements, but it is usually possible to set up a trust within a matter of weeks – sooner if the need is urgent.
What assets can you place into a trust?
You can place a wide range of assets into a trust, including:
- Stocks and shares
- Compensation awards
Can you place your house in a trust to avoid care home fees?
With the growing awareness of the cost of care fees, this is something more and more people are interested in exploring. While it is possible to place your home into a trust and continue living in it, you must be extremely careful about doing so as there are strict rules about using trusts in this way.
If you are interested in placing your home into a trust and other forms of care fee planning, please do get in touch and our trust law solicitors will be happy to discuss this with you.
Can you have a trustee removed?
Yes, under the terms of the Trust Act 1925, trustees can be removed for a number of reasons, including if they:
- Request to be removed
- Have passed away
- Remain outside of the UK for more than a year
- Refuse to carry out their role
- Are unfit to carry out their role
- Are incapable of carrying out their role (e.g. through illness or incapacity)
- Are under the age of 18
An application will need to be made to a court to have the trustee removed.
Speak to our trust solicitors in Eastbourne and Hastings
From our offices in Eastbourne and Hastings, our trust law solicitors work with clients all across East Sussex, including in Bexhill-on-Sea, Hailsham, Polegate, Battle, Pevensey and St Leonards-on-Sea.
To arrange a free, no obligation 30-minute interview with our team, you can:
Or pay us a visit at 28 – 30 Hyde Gardens Eastbourne East Sussex BN21 4PX