Our experienced wills and trusts solicitors are on hand to provide practical legal advice relating to all aspects of trusts. Whether you are wondering how to safely pass on assets to your children or grandchildren, or are simply looking for a way to manage your wealth sensibly, we can help.
Ramsdens Solicitors is recognised across Yorkshire as a multi award-winning legal firm that is renowned for high-quality services and dedication to our clients. We understand that estate planning may appear complicated, and will do our utmost to provide pragmatic advice that will give you peace of mind that your affairs are in order.
Speak to our dedicated trusts advisors today by calling 01484 821 500, or complete our online enquiry form and our team will advise you of the next steps with the utmost compassion and care.
How we can help
Our trust solicitors will help you to protect and manage your assets both now and in the future by providing legal guidance that caters to your specific needs and circumstances. Setting up a trust is an effective way of managing wealth – including money, investments, property, or land – for you and your family.
Our expert legal advisors can help you to set up a trust to:
- pass on assets to the next generation
- set money aside for your children or grandchildren’s education
- provide for children and partners from different relationships
- cater for minors when they are too young to handle their affairs
- provide for family members or friends who cannot handle their affairs because they are incapacitated
- preserve any personal injury compensation
- provide for vulnerable members of your family
- help to reduce Inheritance Tax Payments
- protect assets from creditors or divorcing partners.
No matter what your reason for setting up a trust is, we are on hand to guide you every step of the way, and you can rest assured that you are being given the best-quality legal advice.
We understand that every person has a different set of circumstances and requirements, and that each family is unique. Therefore, our team will work closely with you to provide a bespoke plan that is catered specifically to your needs.
Our trust solicitors can also offer advice on creating, administering and, if appropriate, winding up your trust.
The Trust Registration Service
The Trust Registration Service (TRS) was introduced in June 2017 as part of the UK’s Money Laundering regulations. It requires trustees to report information to HMRC about the trust, setting out details of the settlors, trustees, beneficiaries and associated data. There is also a requirement to keep this information updated for any changes.
Previously, only trusts which paid certain taxes in the UK had to register, however HMRC have now moved matters on and non-tax paying trusts have also come under the scope of being required to register, bar certain exceptions which we can advise on.
The deadline for registering these non-taxpaying trusts was 1 September 2022 or within 90 days for trusts created on or after 1 June 2022.
If you have a trust which you believe will meet the registration criteria, please get in touch and we will be happy to help you with the registration process.
