Trusts

Trusts can be set up for a variety of purposes but are commonly used to hold assets for the benefit of others. These assets can include money, property (including land & buildings) and shares & investments. The trust is overseen by ‘trustees’ who take over administration of the assets in question for the benefit of the ‘beneficiaries’ – those who are intended to benefit from the assets being held.

Setting up a Trust

Trusts are normally set up to hold property or assets for someone who is too young to manage their own affairs, or to benefit them if the comply with certain conditions. They can also be set up to protect your own assets from being liable to tax or to protect them from creditors.

Setting up and managing a trust can be complex, and the law of trusts is a detailed and complicated area of law. As such, it pays to take legal advice when setting up a trust. A trust deed is required – this is a document specifying the purposes for which the trust is being set up - the ‘trust purposes’.

To discuss the options available to you, and to discuss which type of trust might be best for you, get in touch with us.

Trusts lawyers Glasgow

For advice on setting up a trust, call us on 0141 647 9851 or click here for more information.

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Office locations

Rutherglen

Carr Berman Crichton Solicitors,
90 Main Street,
Rutherglen
Glasgow,
G73 2HZ

t: 0141 647 9851
f: 0141 643 2171
e: This email address is being protected from spambots. You need JavaScript enabled to view it.

City Centre

Carr Berman Crichton Solicitors,
97-99 West Regent Street,
Glasgow,
G2 2BA

t: 0141 647 9851
f: 0141 643 2171
e: This email address is being protected from spambots. You need JavaScript enabled to view it.This email address is being protected from spambots. You need JavaScript enabled to view it.

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