Our specialist trust solicitors in Bromley, London, Surrey and Sevenoaks help individuals and families protect their assets, and provide for future generations through expertly structured trusts. Whether you need trusts for inheritance tax planning, asset protection, supporting vulnerable beneficiaries, or business succession, our experienced trust solicitors provide clear, strategic advice tailored to your circumstances.
make an enquirySetting up a trust fund can be useful for:
When wealth and assets are put into trust they are reserved for a particular beneficiary, so they are protected and can’t be spent or disposed of.
Trusts can also be used as an effective estate planning tool to reduce Inheritance Tax (IHT) and can help your beneficiaries receive more of your assets and wealth when you pass away.
Trusts are complex legal arrangements with significant tax and legal implications. Specialist trust solicitors bring focused expertise in trust law, tax planning, and succession and estate planning. We ensure trusts are correctly structured from the outset – errors in trust drafting can be impossible to rectify and may result in unexpected tax liabilities or failed objectives. At Wellers, we also provide ongoing guidance on trust administration, reporting requirements, and adapting to changing circumstances or legislation. Professional advice from experienced trust solicitors protects your family’s wealth and ensures your planning achieves its intended purpose.
Trusts can be used in a number of different ways. For example:
There are a number of different types of trust which can be set up in England and Wales, including:
The simplest form of trust. A bare trust is straightforward to administer and relatively cost-effective. Assets pass to the beneficiary on the date of their 18th birthday.
A more flexible option which allows trustees to decide how and when assets and income from a trust are distributed.
Also known as ‘interest in possession’ trusts or ‘fixed interest’ trusts, these are a type of trust in which the beneficiary is entitled to net income from a fund either for life or for a fixed period of time. This can also include a ‘right to occupy’ a property for life.
Can help you protect your loved ones and choose how your property and assets are distributed on your death.
Set up separately from your pension scheme, a spousal bypass trust can protect your death benefits from Inheritance Tax liability on the death of your spouse or civil partner.
For children and disabled people.
For individuals who have received large compensation sums, typically as a result of suffering life-changing injuries in an accident.
Based in Bromley, London, Sevenoaks and Surrey, our trust solicitors serve clients across Southeast and Greater London who need specialist advice on establishing and managing trusts. Setting up trusts requires careful legal drafting and tax planning – our experienced trust solicitors provide the expertise you need to structure trusts correctly from the outset, whilst providing comprehensive ongoing trustee support. Whether you’re establishing trusts through your will or during your lifetime, our trust solicitors ensure your arrangements are legally sound, tax-efficient, and achieve your objectives.
For disputes relating to trusts and succession/estate planning, get in touch with our team of trust dispute solicitors.
Trusts are administered under strict rules relating to tax and the law, so it’s a good idea to seek qualified legal advice if you wish to set up a trust.
Direct Expertise
You will receive the help of an experienced and qualified legal expert, able to offer advice on creating trusts.
Trusted Relationship
Someone who you can meet in person and who will spend the time to understand your concerns in the detail they deserve.
Lasting Impact
You can be confident that your wishes will be safeguarded to leave the legacy you choose.
Sally Andrews
Senior Solicitor
Dawn Pearce
Private Client Executive
Nicole Cheel-Jennings
Probate Executive
Levina Khanna
Solicitor
Tara Edwards
Private Client Excecutive
Netsai Mupikata
Solicitor
Sasha Burl
Solicitor
Alvin David
Senior Solicitor
Tracey Pyman
Support Staff
Paula Butler
Support Staff
Kristian Longhurst
Support Staff
Penny Langdon
SolicitorI could not thank Alvin enough for going the extra mile to meet our requirements. The Discretionary trust is now registered with HMRC.
Dawn was fantastic! Excellent service and advice was given. I would 100% recommend Dawn and Wellers to friends and colleagues.
I am very grateful to Ms Levina Khanna of Wellers Law Group for our application for Grant of Probate. Her firmness and clarity produced exactly the desired result. Many thanks!
Thank you Nicole and team. Nicole's matter of fact but friendly approach was welcome.
Sally was incredibly helpful throughout the process of my late fathers probate, she made sure everything was done in a timely matter, explained the process throughout the whole journey and I would highly recommend Sally to anyone.
Netsai was recommended by another client and did not fail to give us excellent service while, at the same time, being extremely personable and professional. Throughout our dealings with Netsai we were impressed by her warm personality. She explained everything clearly and concisely before we made final decisions based on her excellent advice. Thank you Netsai
Tara looked after our legal needs in the preparation and completion of our Wills. Tara was highly professional, thorough, friendly, approachable and flexible in her approach with us. Correspondence from Wellers has been completed thoroughly and on time. First class service all round. Highly recommended.
A trust is a legal arrangement by which a person (the settlor) gives control of their money/assets to another person or group of people (the trustees) to manage for the benefit of another/others (the beneficiary).
The purpose of a trust is for estate planning, protecting assets, and managing wealth across generations.
A beneficiary in a trust is a person (or a group of people) chosen by the settlor to receive the benefits from the assets held in the trust. The settlor may also be named as a beneficiary (a settlor-interested trust) if that is the case.
Beneficiaries can include:
In general, the setting up of a trust includes the following steps:
Administered under strict rules relating to tax and the law, it’s a good idea to seek qualified legal advice when setting up a trust. With Wellers, our expert solicitors will help you understand the type of trust to set up based on your needs, choose suitable trustees, and determine the beneficiaries. A legal document called a trust deed will then be drafted, in which it’s essential that your wishes are clearly defined. Assets, such as money, property, shares, etc., will then be transferred into the trust.
Common types of assets that can be put in a trust include:
Any asset with value can be placed into a trust. As trusts can easily become liable to challenge, it’s essential to carefully consider the terms of the trust and ensure everything is set up correctly and in line with the law, with the support of legal advice.
The cost of setting up a trust in the UK varies depending on the type of trust, the legal and financial services involved, and the overall complexity of the trust, i.e., what is included within it.
If there is potential for inheritance tax issues with your trust, you may need advice on mitigating this, which may also increase the cost of setting up the trust.
At Wellers, our experienced trust lawyers are here to provide expert guidance and support throughout the process, addressing any questions you may have regarding trusts.
There are several tax implications to consider when setting up a trust, all of which our specialist solicitors can help you to understand. Key tax considerations include:
Having a trust lawyer’s expertise when setting up a trust will ensure that all tax implications are considered when creating and administering the trust.
London
020 7481 2422
Bromley
020 8464 4242
Surrey
01372 750100
Sevenoaks
01732 457575
We are here for your legal needs in life and in business. Please get in touch with one of our experienced solicitors, who are here to help you.
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