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Get In Touch

By submitting an enquiry through 'get in touch' your data will only be used to contact you regarding your enquiry. If you would like to receive newsletters from Thomson Snell & Passmore please use the separate form below.

Newsletter Sign Up

I would like to receive newsletters, event invitations and publications from Thomson Snell & Passmore by email on the following topics (tick all those that apply) and consent for my data to be processed for this purpose.

We respect your privacy and want news to be relevant. To either, click here or update your preferences by emailing us at info@ts-p.co.uk. Your personal data shall be treated in accordance with our & .

  • Overview

    Trust fund creation lawyers offering expert advice


    Trust creation

    A trust is a legal arrangement where 'trustees' hold assets for ‘beneficiaries'. Trustees should be aware of a trustee's duties and powers. If you're looking for more information about creating a trust, we are here to help.

    • Play an important role in estate planning and saving tax
    • Provide in assets in the event of divorce or financial difficulties
    • Ensure that your assets are distributed as you wish, before or after your death
    • Be used to established as a charity
    • Protected means-tested benefits.


    We deal with the creation of trusts, including:

    • Discretionary trusts
    • Life interest trusts
    • Bare trusts
    • Charitable trusts
    • Insurance trusts
    • Personal injury trusts
    • Will trusts.


    We also advise on the tax implications of setting up a trust.

    Further help

    You can find more information on the different types of trusts in our information sheets: Discretionary trusts, Life interest trust, Bare trusts and Personal injury trusts.

    Trust management

    The successful use of trusts requires effective management. We provide a trust management service to the trustees of pre-existing and newly established trusts.

    Our trust management services include:

    • Advising on a trustee's duties and powers
    • Assisting with the choice of an investment adviser
    • Preparing trust accounts and financial statements
    • Managing the trust's tax affair and preparing annual tax returns
    • Calculating and paying tax liabilities
    • Advising on tax savings for trustees and tax implications for beneficiaries
    • 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. 
  • Related Client Stories

    A trust combining tax saving with control

    Stuart’s client inherited his wife’s share of some farmland, which had huge developmental potential.

    Protecting the Family

    Sarah advised a client with a complex family structure, in a matter valued at £1.5 million.

    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 family's 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

    Post Panama Paper: are English trusts still trusted?

    Trusts still remain under public scrutiny, but can their reputation be safeguarded, asks Stuart Price

    How to have your Avocado and eat it (With the help of Mum and Dad)

    Two figures at law firm Thomson, Snell and Passmore have written an article discussing the tax implications when HNW families help children and grandchildren to get on the property ladder.

    I want to leave 95% of my wealth to charity - not my children

    What is the best way to structure major charitable donations? 

    Does your trust need to be registered?

    Law Commission’s consultation on the law of wills

    Thomson Snell & Passmore has responded to the Law Commission’s consultation on the law of wills.

    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.

    Thomson Snell & Passmore’s Private Client Team triumphs at the Law Society Excellence Awards

    The Private Client team of leading South East law firm Thomson Snell & Passmore is thrilled to have come away with top prize, the ‘Excellence in Private Client Practice’ award at the Law Society Excellence Awards 2016 which took place at the Hilton Park Lane Hotel in London on Thursday 20 October.

    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.

  • Insights

Get In Touch

By submitting an enquiry through 'get in touch' your data will only be used to contact you regarding your enquiry. If you would like to receive newsletters from Thomson Snell & Passmore please use the separate form below.

Newsletter Sign Up

I would like to receive newsletters, event invitations and publications from Thomson Snell & Passmore by email on the following topics (tick all those that apply) and consent for my data to be processed for this purpose.

We respect your privacy and want news to be relevant. To either, click here or update your preferences by emailing us at info@ts-p.co.uk. Your personal data shall be treated in accordance with our & .

Meet The Team

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