Is a Trust the Right Thing for You?

Posted By: on 13th November 2018 | Category: Trust and Trust Administration

The concerns and problems raised by Universal Trustees, its conduct and its subsequent compulsory liquidation are now clear to all those former clients of the company. Many people were persuaded to set up trusts, transfer assets or complete Wills – all actions that were presented to them as tailored to their specific needs.

Perhaps, for some clients, the advice given was correct. For many, however, trusts were neither necessary nor appropriate and unpicking them is costly and time-consuming.
Trusts are often useful structures to ensure certain goals are met but they are not magic bullets, will not solve every problem and should only be entered into in particular circumstances. Sometimes it is more appropriate to deal with matters through a Will.

Wills and trusts are a specialist area and we strongly recommend seeking independent legal advice not least because, if anything were to go wrong, firms such as solicitors are regulated by independent professional bodies.

Wills and Trusts Specialists

Coole Bevis private client team has a wealth of experience in dealing with both setting up and unwinding trusts and advising regarding estate planning matters. Coole Bevis’ specialist trust adviser Alex Bowers can review your trust and Will arrangements and advise you as to your options. Call 01273 722532 or email info@coolebevisllp.com to set up a consultation.

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