Wills and Trusts Solicitors

A trust is a legal mechanism used to manage property, monies and investments. It can be created both in lifetime, or on death (via a will trust).

Trusts may seem complicated, but can be very useful. Before creating a trust, it is important to seek professional advice, as the type of trust you believe you require may not be the most efficient for your personal circumstances. Our specialist team are experienced in all aspects of trusts, and can clearly explain the benefits of setting up a trust.

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What is a Trust?

A Trust is a way of managing your wealth – such as money, investments, land or property – for you, your family, or anyone else.

When assets are placed in a trust, they will fall under the control of an appointed person, or people, known as “trustees”. The trustees will then manage the trust according to your instructions, even after your death.

Whether you simply want to support your loved ones, or have complex assets you would like to make arrangements for, setting up a Trust may be the solution.

We understand that your financial and family situation is unique. Our expert solicitors will listen to and understand your individual requirements to create the best solution for your needs.

Our experience in all areas of trust law and taxation mean we can offer practical, tax efficient advice on creating, changing, administering or ending your trust.

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Why set up a Trust?

Put very simply, a trust fund is a way to help protect your assets and guarantee that your loved ones have financial stability for their future. The main reasons for setting up a trust are:

Whatever your reasons for setting up a Trust, our experienced solicitors have years of experience setting up wills for a range of clients across the country. For more information about your options, please contact us.

Wills and Trusts Solicitors Leeds

Reasons to have a Trust

Provide for your loved ones

Setting up a Trust allows you to continue to support your loved ones by deciding exactly how your possessions are distributed. For example, you can set up a Trust to ensure they receive a regular income.

Freedom of choice

A Trust gives you more flexibility regarding the manner in which your assets are distributed. You can decide for yourself exactly what the right way is for your loved ones to benefit from your assets.

Manage your assets

If you have investments that you would like your loved ones to benefit from, but do not want to burden them with the financial management involved, you can set up a Trust so that somebody who has the relevant knowledge takes care of that side of things.

Care Fees or Tax savings

If you’re worried about Care Fees or Inheritance Tax, you’ll be pleased to know that you can lessen the effect that it has on your loved ones as certain types of Trust come with a number of tax advantages.

Although setting up a Trust can assist with certain issues, setting up and managing one can result in a considerably large amount of work.

Our experienced solicitors can help you and your family manage this workload by suggestion practical and workable solutions that support your needs.

How to set up a Trust

While Trusts may seem simple on the surface, they are in fact quite complex. Especially if you want your trust to operate as it should. 

To set up a trust, you will need the advice and expertise of a solicitor to draw up the trust. This is because the legal wording must be very precise.  

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Why Morrish Solicitors?

Our friendly wills and estates lawyers have years of experience dealing in wills, probate and other related services. Whatever your age and circumstances, we can help you review your plans for later life. 

Tom Morrish, Senior Partner and Head of Wills and Estates, is also a member of Solicitors For The Elderly, so you can be sure you are in the best of hands. 

We’re always on your side

We understand that your circumstances are unique, and that’s why we’re careful to listen to your situation and provide the best possible solution to support your family’s wellbeing.  

Personal service

As a Yorkshire-based firm, you can benefit from our competitive rates. We believe in representing people, not large organisations, which is why we aim to provide expert advice, personable service, and excellent value for money.  

Expert advice, no matter where you live

All our services can be provided at your convenience either in-person, over the phone or by email or post. So, it doesn’t matter where you live, we’ll always be here to support you.  

Want more information? Contact a member of our Wills and Estates team to find out how a trust could benefit you.  

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Why our clients choose Morrish Solicitors

Excellent service from Tom Morrish

Wills and Estates Client, July 2021

Prompt response to queries. Being able to speak to somebody without having to wait. Getting good information. Prompt and efficient service.

Wills and Estates Client, July 2021

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Meet the Wills and Estates Team

Tom Morrish

Senior Partner & Head of Wills & Estates

Emma Garfitt

Partner, Wills & Estates

Christina Taylor

Paralegal Specialist, Wills & Estates

Jamie Jaskolka

Graduate solicitor apprentice