Do you have a Family Protection Trust? If so, you may need to take legal advice and we are here to help! It is important to seek advice to ensure that your trust is properly set up and to know what action needs to be taken, if any.

A review of your trust will include a review of the trustees. Your trust arrangement will name either an individual as the ‘sole trustee’ or more than one individual as ‘trustees’. The trustees are appointed by the settlor (you) and they own and manage the trust assets. Should any trustees intimate their intention to no longer act in the trust, the appropriate resignations will need to be prepared and signed. In certain circumstances, it may be appropriate for a trustee or trustees to be assumed in the resigning trustees place, and we can provide advice on this.

It may also be appropriate to review the position of the trust assets. Should your heritable property (i.e. your house) form part of the trust assets, we can assist by examining the property titles to ensure that it has been properly transferred into the trust.

Our Private Client Solicitors can also assist with other aspects of estate planning and getting your legal affairs in order, including Wills and Powers of Attorney. Please contact us on 01292 281711 to discuss how we can assist you.