There are many situations in which a Trust may be created, not all of them relating to the making of a Will. You may wish to create a Trust in order to protect means tested benefits after a compensation payment for a personal injury matter (please refer to our section on 'Personal Injury Trusts') or for the benefit of a disabled relative (Please see 'Disabled Person Trust').
It follows that the Trustee you wish to appoint should be trustworthy and it is always a good idea before appointing your trustee that you ask them whether they wish to take on this role because of the many duties and obligations they will have.
WBW Solicitors are able to help guide you though the rules in connection with Trustee appointment. For example during the life of the Trust it may become necessary to appoint a replacement Trustee for those that are no longer able to act as such due to mental capacity, death or retirement.
Whether you wish to appoint additional or new Trustees, WBW is able to help you understand the relevant statutory provisions, as well as helping you understand what the Trust Deed itself provides in that connection.
Please also see our section on 'Advising Trustees'.
Key People
News
Wills and Probate Guide:
12/10/2011It is easy to put off making a will. However, this is the only way to guarantee that your money goes to who you want it to upon your death. If more »
Will Error Sees Beneficiary Lose Out
06/04/2011A recent case serves as a reminder that the intestacy rules only recognise a person’s natural, adopted or illegitimate children and illustrates the more »