{"id":4309,"date":"2023-05-09T09:07:54","date_gmt":"2023-05-09T09:07:54","guid":{"rendered":"https:\/\/simplylaw.waydevelopers.com\/england-wales\/wiki\/administration-of-trusts-solicitors\/"},"modified":"2024-03-27T14:49:53","modified_gmt":"2024-03-27T14:49:53","slug":"administration-of-trusts-solicitors","status":"publish","type":"guides","link":"https:\/\/simply.law\/england-wales\/guides\/administration-of-trusts-solicitors\/","title":{"rendered":"Put your trust in expert solicitors"},"content":{"rendered":"<p>Understanding legal trusts can be a complex process. Administration of trusts solicitors can simplify this process for you. Simply.Law has a number of solicitors who have expertise in this precise legal field.<\/p>\n<h2>What is a trust?<\/h2>\n<p>A trust is a fund containing assets. These can be property, land or money and are held in trust for the beneficiary, or beneficiaries. Administration of trusts solicitors can help you make sense of the common law obligations conferred, legal rules and tax issues surrounding a trust.<\/p>\n<p>A trust can be established at any point during life, or through a Will after death. Funds can be held for many years \u2013 the person who drew up the trust will normally have stipulated the number of years. The trust will need administration for processes such as:<\/p>\n<ul>\n<li>Managing trust investments<\/li>\n<li>Accounting for trust assets and income<\/li>\n<li>Facilitating any payments to beneficiaries<\/li>\n<\/ul>\n<h3>What is trust administration?<\/h3>\n<p>Trust administration is the responsibility of the trustees, who will manage the trust and administer the wishes of the person whose assets have been placed into trust.<\/p>\n<p><a style=\"text-decoration: none;\" href=\"https:\/\/www.centurionepg.co.uk\/protection-trust.html\">Administering a trust<\/a> is a very important role and it\u2019s advisable that you have a professional trustee. Dealing with a trust can be a complex and potentially litigious affair. Simply.Law member lawyers have been specifically trained to deal with this minefield of an area of law. We can connect you instantly to administration of trusts solicitors who can act immediately and competently on your behalf.<\/p>\n<p>And if you\u2019re worried about costs, don\u2019t be. Most trusts normally make provision for payment of trustees through the trust funds.<\/p>\n<p><b>So don\u2019t delay \u2013 contact Simply.Law to find out how our member solicitors can help you.<\/b><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Whether you are setting up a trust, or have one which needs administering from a Will, Simply.Law can advise you on protocols and procedures.<\/p>\n","protected":false},"author":1,"featured_media":9263,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","format":"standard","meta":{"_acf_changed":false,"_joinchat":[],"footnotes":""},"categories":[12370],"tags":[9331,8802,8589,9332,8466,9291,9046,9314,8524],"guides-category":[],"class_list":{"0":"post-4309","1":"guides","2":"type-guides","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-trusts","8":"tag-administration-of-trusts-solicitors","9":"tag-assets","10":"tag-beneficiaries","11":"tag-funds","12":"tag-lawyer","13":"tag-tax","14":"tag-trustee","15":"tag-trusts","16":"tag-will"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v27.4) - 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