Trust Solicitors in Camberley and Wokingham | Herrington Carmichael

Our trust solicitors help protect your assets for the future, so you can have peace of mind. Our team of experts have extensive experience in the administration of trusts.

Trusts are legal structures for holding or transferring assets between people in a controlled way.

Despite the perception that they are primarily to do with saving tax, there are many different types of trust and reasons for using them – mostly to do with protecting assets for family and loved ones. At the same time, of course, if properly advised, you should be alive to structuring matters as efficiently as possible from a tax perspective.

What are the reasons for setting up trusts?
  • Holding assets for minor children until they are old enough to receive them
  • Providing for a spouse while protecting assets ultimately for your children
  • Holding funds for a vulnerable beneficiary
  • Paying grandchildren’s school fees
  • Guarding against divorce or bankruptcy claims against children
  • Protection from Care Fees assessed against a loved one
  • Continuation of existing means-tested benefits
  • Protection from Inheritance Tax
What are popular types of trusts?
Tips and traps to look out for

Although trusts are extremely flexible and useful, and needn’t necessarily be complicated or expensive to maintain, the law of unintended consequences can easily apply if insufficient advice is taken. We would always recommend at least a degree of professional oversight to make sure things don’t go wrong.

Whatever your query, please get in touch with Anthony Tahourdin in our Private Client Department to discuss a solution.

Our trust solicitors regularly advise on:
  • Why, when and how to set them up trusts
  • Which type of trust to choose
  • When they can be implied from existing circumstances
  • Tax consequences and tax mitigation
  • Choice of Trustees
  • Asset selection
  • Trust management
  • Compliance with tax obligations and regulatory requirements
  • Winding up Trusts
  • Tips and traps to look out for

Contact us

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    Types of Trusts

    There are many different names and types of Trusts. This article gives you a synopsis of the main types or names you are likely to encounter.

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    We are solicitors in Camberley, Wokingham and London. In 2019, Herrington Carmichael won ‘Property Law Firm of the Year’ at the Thames Valley Business Magazines Property Awards, ‘Best Medium Sized Business’ at the Surrey Heath Business Awards and we were named IR Global’s ‘Member of the Year’. We are ranked as a Leading Firm 2022 by Legal 500 and Alistair McArthur is ranked in Chambers 2021.

    Camberley
    Building 2  Watchmoor Park, Riverside Way, Camberley, Surrey  GU15 3YL
    +44 (0)1276 686 222

    London (Appointment only)
    60 St Martins Lane, Covent Garden, London WC2N 4JS
    +44 (0) 203 755 0557

    Wokingham (Appointment only)
    4 The Courtyard, Denmark Street, Wokingham, Berkshire RG40 2AZ
    +44 (0)118 977 4045

    info@herrington-carmichael.com

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