For trusts that contain income-earning assets, the ongoing requirements of administration can be more complicated. Even trusts that aren't income earning still require administration. 

The trustees role

Trustees have a number of duties they are required to comply with. The trust deed may affect how these duties apply. It’s also important that trustees remember that they are only allowed to do those things which they have legal power to do. Again, there are some standard powers set out in law, but the trust deed can expand these. 

To understand how to administer your specific trust, and how you need to comply with your duties as a trustee, talk to us, to create a tailored plan for you.

 

Our team

They say that there are only 2 certainties in life - death and taxes. This team deals with the first certainty and ensures your family navigate the challenges of death with the least angst possible. Planning and sorting your trusts, wills and powers of attorney and finally your estate administration are what this time thrive on.

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