Once a trust is established, whether to benefit future generations, make tax savings or for a charitable purpose, it needs to be effectively administered and managed if the most is to be made out of the assets it was set up to protect. It also needs to comply with complex trust laws, tax rules and regulations.
We have one of the largest and most experienced trust management practices in Scotland, and regularly provide sound, commercially-minded advice and assistance with trust administration and financial management, from the day-to-day running of trusts to winding them down once they have served their purpose.
We provide trustees with guidance on fulfilling their duties, from assistance interpreting the terms of the trust deed to complying with the legal requirements, such as keeping records of trustee decision-making and providing beneficiaries with information. In particular, we have vast experience helping trustees:
build and manage investment portfolios
solve cross-border issues
prepare and submit accounts and tax returns
conduct trustee meetings
liaise and make payments to beneficiaries and relevant third parties
appoint new trustees or deal with the resignation of existing trustees
Trusts can be complex, not only in terms of managing the assets they hold but also in making sure they fulfil their purpose. Trustees must also do all of this in compliance with specific statutory duties. Our aim is to provide guidance that ensures trusts are effectively administered and soundly managed, providing trustees with the support they need, when they need it.
Specialist Trust Administration & Financial Management Solicitors, Edinburgh
We’re dedicated to helping our clients solve problems and run trusts efficiently and effectively. Our highly personal service reflects our culture, which is centred on integrity, trust and expertise, and the guidance we provide has been designed to be an investment, not an expense, ensuring trusts are ran in accordance with their purpose and in the best interests of the beneficiaries. For more information, please contact us today.