If you have been appointed as a trustee you have a responsibility to hold, manage and administer the trust assets. You will be answerable to the beneficiary of the trust and, in some circumstances become personally liable. Our trust solicitors have years of experience in advising trustees on all aspects of the administration of trusts. We can help you to fulfil your duties and responsibilities as a trustee and advise you of your potential liabilities.
Some people prefer to appoint an independent professional to act as a trustee, particularly if the beneficiaries do not get on. Our solicitors act as a trustee for many trusts and are happy to discuss this with you if appropriate.
Making investments is likely to be the most risky responsibility for trustees, making the wrong investment can have serious consequences for the trustee and the trust fund. As well as specialist trust solicitors, we have in-house independent financial advisers which enable us to provide you with a full range of advice and assistance in relation to trust investments.
Not all trusts run smoothly, if yours is one of them our team of specialist lawyers are experienced in helping trustees and beneficiaries should a dispute arise regarding the trust. We will help the parties to reach an amicable settlement through mediation or round table meetings, if that is not possible then court proceedings will be considered.
To discuss any trust related issue with a specialist solicitor, call or email us today.