Key Contact
For more information please contact Matthew Edwards on 01708 229 444 or by email.
We provide a wide range of legal services to individuals and businesses through our specialist teams of solicitors across our offices.
Trusts are used for a variety of reasons and our expert solicitors team will advise you on the options available to you.
The team also advise trustees of existing trusts in relation to complying with their obligations and getting the most out of their trust.
A Trust is simply Person A (known as a Settlor) transferring assets to Person B (known as a Trustee) for the benefit of Person C (known as the Beneficiary).
The Trust could be created during a person’s lifetime or on their death.
A person could potentially have one or more of these roles.
Any person or company can be appointed as a Trustee.
The main types of Trusts are:
A Bare Trust – The Trustee is holding funds for a Beneficiary which the Beneficiary can demand to be handed over to the Beneficiary at any time.
A Life Interest Trust – A beneficiary (known as a Life Tenant) is entitled to the income generated by a Trust Fund for a set period, usually for life. When the period comes to an end, the Trust assets then belong to another specified beneficiary (known as a Remainderman).
A Discretionary Trust – The Trustees hold assets for a number of specified beneficiaries. The beneficiaries are not entitled to anything from the Trust. The Trustees usually have discretion as to which beneficiaries should receive anything from the trust, how much and when.
A Contingent Interest Trust – A beneficiary is entitled to the Trust Fund but only when a set contingency has been achieved for example the beneficiary has reached an age where the beneficiary is now entitled to receive the assets in the Trust.
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Key Contact
For more information please contact Matthew Edwards on 01708 229 444 or by email.
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Upminster
Pinney Talfourd Solicitors
54 Station Road
Upminster
Essex
RM14 2TU
DX: 35555 Upminster
T: 01708 229 444
F: 01708 228 163
E: upminster@pinneytalfourd.co.uk
Brentwood
Pinney Talfourd Solicitors
30 High Street
Brentwood
Essex
CM14 4AJ
DX: 5003 Brentwood
T: 01277 211 755
F: 01277 261 154
E: brentwood@pinneytalfourd.co.uk
Hornchurch
Pinney Talfourd Solicitors
40 North Street
Hornchurch
Essex
RM11 1EW
DX: 51004 Hornchurch
T: 01708 511 000
F: 01708 511 040
E: hornchurch@pinneytalfourd.co.uk
Chelmsford
Pinney Talfourd Solicitors
Elizabeth House
28 Baddow Road
Chelmsford
Essex
CM2 0DG
T: 01245 206 684
E: mail@pinneytalfourd.co.uk
Canary Wharf
Pinney Talfourd Solicitors
18th Floor
40 Bank Street
Canary Wharf
London
E14 5AB
By appointment only. Please send all written correspondence to our Upminster office.
T: 020 3105 0305
E: canarywharf@pinneytalfourd.co.uk
Leigh-on-Sea
Pinney Talfourd Solicitors
The Old Gasworks
43 Progress Road
Leigh-on-Sea
SS9 5PR
By appointment only. Please send all written correspondence to our Upminster office.
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