Trust Administration

Trusts are said to have their origins in the Crusades, when landowners would transfer their lands to a friend on the understanding that they would not take any personal benefit but hold it for the benefit of the crusader’s family in case he should not return.

Despite attracting some negative press, trusts do still have legitimate uses in estate planning and wealth distribution. 

A trust is not an entity like a company or partnership, but rather a bundle of rights and obligations placed on a trustee to ensure that the property settled in trust is managed for the benefit of the ultimate beneficiaries. 

Trusts are commonly used in Inheritance Tax and wealth planning, for instance to hold a life insurance policy outside the estate (and free of IHT) or to ringfence and protect children’s school and university feels.

Given the important role played by the trustee in administering the trust, it is important that an independent professional trustee is appointed alongside other appointed trustees, such as solicitors or family members.

At WTT we are happy to act in the capacity of an independent, professional trustee. We understand the importance of the trustee role and can set up a trust for you as part of our wealth planning service or represent your interests in any other trusts you establish.

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Graham and Rhys have been beyond helpful and always have wise words, and most importantly they tell it straight.  I’d much rather have the truth even if its not good news than empty hope – and WTT have always given just that, straight talking and the truth.