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A trust is a legal arrangement whereby a person (‘the Settlor’) gives assets to other people known as the “Trustees”.
In a Discretionary Trust the ‘trustees’ are the legal owners of any assets. The trustees have ‘discretion’ about how to use the income received by the trust.
A Life Interest Trust gives a beneficiary the right to income only from assets held in trust for their life time.
At Kew Law our solicitors can assist in establishing trusts and with the ongoing administration of trusts.
If you require assistance with setting up a trust; with administering a trust or advice in relation to disputes surrounding trusts then please call our mobile friendly number on 033 33 22 1000 or 0800 9878156 or send us a message for further information.
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