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  • Overview

    Our specialist Trust Fund team looks after the administration, accounting, management and taxation aspects of running a trust.

    In addition to advice on trust creation, we can provide a trust management support service to the trustees of pre-existing and newly established trusts.

    Our Trust Management Services:

    • Advising on a trustee's duties and powers and the requirements of the Trustee Act 2000
    • Assisting with the choice and monitoring of an investment adviser
    • Preparing trust accounts and financial statements
    • Managing the trust's tax affairs and preparing the annual tax return
    • Calculating and paying tax liabilities
    • Advising on tax savings for trustees and tax implications for beneficiaries
    • Advising on tax changes including improving the income tax treatment of discretionary trusts
    • Arranging the collection of income, asset sales and purchases, cash movements and other transactions
    • Making distributions of income and capital and preparing relevant deeds and trustee resolutions
    • Preparing Inheritance Tax accounts for periodic and exit charges
    • Advising on the ownership and occupation of residential property
    • Retiring and appointing trustees
    • Winding up the trust.
       

    For further information please contact one of our Trust Management lawyers below.

  • Related Client Stories

    Estate of non-domiciled high network individual

    Our overseas client had been unable to break a deadlock which prevented the distribution of the UK estate of a deceased non-dom. Our expertise in cross boarder estate matters allowed us to cut through a complex situation, distribute the UK estate and make significant progress elsewhere.

    Trust us – to reduce your costs and tax

    We took on the management of a set of existing trusts. Rather than simply continue with the status quo we looked to identify any improvements we could make to the current set-up. Our experience allowed us to identify a simple re-organisation which reduced both the running costs of the trusts and the beneficiaries’ tax bills

    Dividing a family trust

    Siblings whose families benefitted from a trust wanted to take it in different directions. We provided a thorough review and analysis of the available options which enabled to beneficiaries to agree a fair and tax efficient split.

    Managing a personal injury settlement on behalf of a child

    Our client was a child who had been injured at birth and recovered £3 million as a result of a personal injury claim. It was important to look after this properly, while ensuring that the parents, who were responsible for care, were fully involved. We established a trust which could be managed by us but run jointly with the child’s parents

    The complete package

    Ultra high net worth clients have complicated affairs. We are able to provide peace of mind through a complete advice service.

    Peace of mind when entering a second marriage

    A long-term client has recently entered into a second marriage and they wanted the interests of all the client’s children protected in a tax efficient way.

    Managing a families literary estate

    One of our partners is a trustee of a trust which owns the copyright of a famous English comic author who died in the second half of the 20th century. Applying a flexible approach has enabled the author’s brand to develop, while in appropriate costs protecting the intellectual property rights.

    Undercover security officer recovers damages for injuries following an assault at work

    This case study demonstrates the expertise of our Personal Injury team who recently recovered a six figured sum for an undercover security officer who was assaulted by a suspected shop lifter.

    Inheritance tax avoidance

    This case study demonstrates the expertise of our Wills, Trusts & Tax Planning team who have recently advised a client on deeds of variation, inheritance tax and discretionary trusts.

  • Latest Updates

    FAQ: Tax Planning

    Q. We want to help our 20 year old daughter buy her first flat, but we’re worried about putting such a valuable asset directly in her name. Is there anything we can do to protect the property until she’s a bit older?

    Owner managed businesses : tax-efficient wills for company directors

    Owner-managed businesses : tax-efficient wills for company directors

    Rental income: should the husband or wife receive it?

    The end of another tax is a timely reminder to all those couples who are married or in a civil partnership to consider which of you should continue to receive the income from rental property. This article outlines the options available.

    It’s not rocket science - get a will and keep it updated

    Solicitor, Stuart Price from our Private Client department speaks to Wealth Briefing about the preparation and challenges to a will. He also discusses some factors that should be taken into account before drafting a will.

    Top 25 UK Law Firm

    We are pleased to receive, for another year, the accolade from eprivateclient of being listed as one of the Top 25 Law Firms in the UK.

    Private Client Adviser - Needle meets digital haystack

    Richard Hearne from our Private Client team speaks to legal trade magazine Private Client Adviser about digital legacies.

    Top 25 Private Client Law Firm

    We are pleased to announce that we have again been awarded the accolade of eprivateclient’s Top 25 Private Client Law Firms for 2015.

    Best Lawyer award

    We are delighted that Partners Simon Brown and Gilbert Green have been selected by their peers for inclusion in the forth edition of Best Lawyers in the United Kingdom ®.

    Should you tell a child they're worth a lot of money?

    The answer depends on the way their wealth is structured.

  • Know How

Get in touch

Despite the HM government department being very slow with their replies, we were always kept up to date with any progress.

Client

From our very first meeting, we were made to feel at ease. Information was exchanged, and what to us could have been complicated, we felt the situation would be resolved. We were kept constantly up to date with progress.

Client

Kirsty was always treated with courtesy and my questions were answered in full whether they were in person or by telephone by everyone I spoke to.

Client

Jeremy Passmore is 'experienced and creative'; and Mark Politz is recommended for his tax expertise.

The Legal 500 2015

I always feel listened to and have been treated very well.

Client

I have used various departments of TS&P and have ALWAYS been VERY happy with all advice correspondence, help and professionalism that I have received.

Client

Helpful, clear, and direct advice during conversations followed by similar meeting notes.

Client

We have had the conveyancing, the making of wills and probate as the three main things and they were dealt with from different departments. I really cannot fault any of it. Although costs seem very high in these matters, I felt that we paid for the best and we got the best.

Client

We needed a law firm in Tunbridge Wells for our house purchase in 1980 when we moved back from the USA, and we chose Thomson Snell & Passmore. We have used them ever since for conveyancing, wills and trust etc.

Client

Clients appreciate his ability to combine 'great technical skill with a very personable manner'.

Chambers UK 2015

They have very wide-ranging and deep expertise. 

Chambers UK 2015

I commend them for their legal advice and emotional support.

Chambers UK 2015

Thomson Snell & Passmore provides ‘an outstanding level of service’.

The Legal 500 2014

Clients note the firm’s ‘very reasonable costs’.

The Legal 500 2013

Excellent. Quite personal‚ explaining everything in words and language that I could understand and keeping me up to date.

Client

I cannot speak too highly of the care, attention and sympathy that I have received.

Client

Cheerful, caring, prompt and knowledgeable legal service.

Client

We were looking for the best and have never been disappointed.

Client

I have every confidence in TS&P; especially with the lawyers who deal with my private matters.

Client

Helpful, committed and responsive, who do a great job and treat their clients well.

Chambers UK

Everything was handled professionally and courteously

Client

The service Nicola provided was highly professional; her flexibility with timescales was especially appreciated

Client

Excellent experience overall with 2 brilliant legal professionals at the firm. Indeed I have already recommended their services to another individual requiring legal representation and assistance

Client

Una is very professional and knows her stuff! Very competent, but also friendly.

Client

I was treated very professionally and all my queries were answered satisfactorily.

The advice and support from the initial phone call through to the completion of the document was clear, thorough and very efficient. I felt I received a personal service tailored to my needs

Client

At the first meeting, they listened carefully to my needs and clearly explained the options available to me and how this could be achieved. I left the meeting with a clear understanding of what to do next  

Client

The Deed of Variation and Trust that I required needed to be completed to a short deadline which was met. This was due to the efficient and effective work of the lawyers I worked with

Client

Thank you for providing such clear advice and executing this in such a painless and professional way.  I don’t think I can recall the last time someone did some professional work for me where there were no typos or mistakes, or where I didn’t have to chase and do part of the work myself  

Client

Excellent response when initial time constraints were addressed quickly and effectively.

Client

They explained the process simply and clearly; they helped us sort out a particular clause in the will to share out our affairs with the children, to be fair to all of them. This provided peace of mind that we have left an easily manageable will for our benefactors with your help.

Client

Our initial meeting helped clarify what we would be doing and gave me time to discuss what we wanted with my husband. When planning the will, we were very clear about what needed to be in the will. The legal side was explained very clearly, the costs were clear at the outset

Client

I am very grateful to Thomson Snell and Passmore for helping me through some difficult times; sorting Mum's affairs out when she passed away, between exchanging contracts and completion, sorting her will out, and then making our own wills and LPAs. They gave great advice and support. Thank you

Client

we have always received sensible, knowledgeable, and prompt advice on a range of matters, including estate planning, property transactions, and wills.

Client

We would have no hesitation in recommending the firm. The professional service that we received was exceptional.

Client

They provided a comprehensive strategy for resolving the issues arising in the transaction that we wanted carried out. The advice was clear, and any queries were quickly addressed. Where issues arose with third parties, we received balanced and thoughtful advice on the best course of action. They inspired complete confidence.

Client

The advice that we received specifically addressed the issues that needed to be resolved. The process that needed to be carried out and the likely timescale was clearly laid out. We were kept fully advised as to the progress of the matter throughout. We were given prompt and well considered advice with regard to issues that cropped up.

Client

Nicola is very helpful and patient. She was prepared to answer any questions and explained everything fully and carefully. She is also very friendly and interested in her clients.

Client

Sarah listened very carefully to what we wanted; she explained very clearly all of the legal ramifications, and she was highly efficient.

Client

Meet The Team

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