Trusts Solicitors

Whether you’re setting up a trust to protect family wealth or navigating your responsibilities as a trustee, our specialist Trusts Solicitors provide clear, practical guidance at every stage.

Trusts Solicitors

Comprehensive Trust Services Tailored to Your Needs

Trusts are powerful tools for protecting assets, managing wealth across generations, and providing for loved ones—but they come with legal complexities that require expert handling.

At Prosperity Law LLP, our Trusts solicitors work with individuals, families, and trustees worldwide to ensure your trust is structured correctly, administered properly, and aligned with your long-term goals and strategy.

Why Instruct a Trusts Solicitor?

Trusts are governed by complex legislation and case law, with significant financial and legal consequences if things go wrong. Working with a solicitor ensures your Trust is drafted correctly from the outset, reducing the risk of challenges or unintended tax liabilities.

You also gain access to ongoing support as circumstances change, professional indemnity protection, and the peace of mind that comes from knowing your affairs are handled by regulated legal professionals.

CONSIDERING COMMERCIAL LITIGATION? HERE ARE FIVE THINGS TO THINK ABOUT FIRST

What are the benefits of doing a Trust?

Creating a Trust can offer many benefits to you, including:

Asset protection
Care home fee planning
Providing for vulnerable beneficiaries
Inheritance tax planning
Business succession
Protecting blended family interests
Control over distribution

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Types of trusts we can advise you on

Bare Trusts

The simplest Trust structure where the beneficiary has an absolute right to the assets, typically gaining full control at 18.

Discretionary Trusts

Trustees decide how and when to distribute income and capital among a group of beneficiaries, offering maximum flexibility.

Interest in Possession Trust (Life Interest Trusts)

A beneficiary receives the income or use of assets for their lifetime, then capital passes to others on their death. These types of trusts are commonly referred to as Property Trusts or Property Protection Trusts where the trust asset comprises of the family home.

Charitable Trusts

Established for charitable purposes with significant tax advantages, regulated by the Charity Commission.

Disabled Person’s Trusts

Designed for beneficiaries meeting the legal definition of disabled, with favourable tax treatment and benefit preservation.

Bereaved Minor’s Trusts

Holds inheritance for children under 18 who have lost a parent, with assets released at 18.

18-25 Trusts

Similar to bereaved minor’s trusts but capital can be held until the beneficiary turns 25.

Protective Trusts

Safeguards a beneficiary’s interest from creditors or their own financial mismanagement.

What Our Clients Say

“Thanks for all your help and guidance – you’ve both helped massively and made the long process so much easier. It’s made us realise we need to sort our wills so will be in touch to try and sort those!”

Mrs E

“I would like to thank you and Bethany for all your help sorting the trust out”

Mrs O

This is my second time engaging Prosperity Law. The first, a probate matter with Paul McGee, and more recently estate planning with Charlotte Keating. On both occasions, I’ve been impressed with their professionalism and attention to detail. Friendly, courteous and knowledgeable, I’d have no hesitation recommending Prosperity Law for any legal matter.

Chris Shields

“Once again both Helen and I would like to thank you for the support and assistance you have provided to navigate the IHT process. It greatly reduced our stress and pressure during difficult times.”

Mrs R and Miss W

“Must say, we have been really impressed with the your professionalism and the guidance you have given us.

A breath of fresh air !”

Mr & Mrs W

How we can help

Advising Trustees and Beneficiaries

Trustees carry significant legal responsibilities, from managing trust assets to making distributions in line with the trust deed. We help trustees understand their duties, make informed decisions and avoid personal liability. For beneficiaries, we provide clear advice on your entitlements and can represent your interests if disputes arise.

Choosing the Right Trust Structure

Discretionary trusts, bare trusts, life interest trusts, charitable trusts—each serves different purposes and have very different tax treatment. We take time to understand what you want to achieve and advise on the structure that best meets your needs, whether that’s protecting assets from care home fees, providing for a vulnerable relative, or managing business succession.

Setting Up a Trust

Creating a trust involves more than drafting a document—it requires careful consideration of your objectives, tax implications, and the most appropriate structure for your circumstances. We guide you through the process from initial consultation to execution, ensuring your trust is legally sound and fit for purpose.

Trust Administration

Ongoing administration can be time-consuming and technically demanding. We support trustees with investment decisions, tax returns, accounts preparation, and correspondence with HMRC, helping you meet your obligations without the administrative burden.

Closing Down a Trust

When a trust reaches the end of its intended lifespan or circumstances change, winding up the trust requires a proper legal process. We handle the final distributions, tax clearances, and formal documentation to bring the trust to a close correctly.

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Our Trust Experience

Discretionary Family Trust
Charlotte was asked to look at trust documentation relating to a Discretionary Family Trust that had been set-up in the late 1990s. Whilst Charlotte was asked to provide advice as to the specific provisions of the trust, whilst reviewing the documentation Charlotte was able to provide the Trustees with an overview as to the terms of the trust, what action needed to be taken to bring the trust administration up-to-date (as the trust had not been correctly administered for a significant number of years) and ensure that the Trustees were compliant with the terms and provisions of the Family Trust. Following on from the Trustee’s meeting, Charlotte was able to prepare a detailed advice letter to the Trustees, explaining the terms of the trust, the restrictions and the next steps as well as providing detailed instructions as to what the Trustees should do on an annual basis to ensure that they are compliant with the terms of the trust.

Charlotte was able to work with the family’s accountant but was also able to explain potential Inheritance Tax consequences of failing to report chargeable events, advise of the consequences of delayed submissions such as penalties and interest and was able to ensure that this was all brought up-to-date to enable compliance and easy management going forward.

Charlotte provided advice to the Trustees with regards to loans and trust properties. Charlotte informed the Trustees of their legal requirements and responsibilities, and the significant financial consequences should the trust not be administered correctly.

The Trustees worked with Charlotte and the accountant to ensure matters were brough up-to-date.

Charlotte was subsequently approached to be a professional Trustee of this trust. The trust value is in the region of £60m.
Charitable Trust
Charlotte was approached by the Trustees of an existing Charitable Trust, and she was asked to provide advice as to the intentions of the Trustees and the complex arrangements that they were wanting to enter into. Charlotte was able to provide advice as to a potential restructure and a subsequent creation of a Charitable Incorporated Organisation with a transfer of assets from the trust to the CIO to enable the Trustees to better exercise their powers in furtherance of the charities objectives.
Charitable Trust
Charlotte was involved in the creation of a Charitable Trust with the sum currently sitting in the region of £9m. Charlotte was later approached to be a professional Trustee of the trust, and the team tend to the full administration of the trust which deals with the day-today management of the trust. The team ensure that the legal requirements are all met, liaise with third parties and the Trustees and the settlor.
Will Trusts
Charlotte provided advice to the Trustees of ongoing Will Trusts. Charlotte reviewed the trust documentation, provided advice to the Trustees who had been incorrectly administering the trusts, as to what steps needed to be taken to bring the trust up-to-date and ensure that going forward the trusts meet the ongoing legal requirements. Charlotte and the team also assisted on this trust with retiring a Trustee and appointing new Trustees in the retiring Trustee’s place and ensuring that the trust assets were correctly vested in the names of the new Trustees.
Trust for grandchildren’s private education
Putting property into a Trust
Personal Injury Trust
Charlotte was involved in the creation of a Personal Injury Trust of which the beneficiary is to receive substantial funds in the region of £6m following a Personal Injury claim. Charlotte was subsequently appointed as a professional Trustee of the trust and her, and her team assists in the day-to-day management of the trust for the benefit of the beneficiary who has substantial care needs and significant vulnerabilities.
Declaration of Trust

Why Work With Us?

Partner-led Service

Our Trusts team is led by Charlotte Keating who will be your point of contact during your matter with us.

Highly experienced team

Not only is our Trusts team highly experienced and has seen it all, we are part of a full service law firm offering property and family advice as well.

Fast and efficient service

Agile team ready to guide you through the process, we are able to move through the Trusts process at pace.

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Meet Our Trusts Team

Frequently Asked Questions

What is a trust?
Why is setting up a trust important?
What are the benefits of a trust?
What’s the process of setting up a trust?
Prior to preparing the trust documentation, our specialist trust specialists at Prosperity Law LLP will meet with the client and obtain all of the full information which includes details of the assets being considered settled into trust, as well as the purpose of the trust and the settlor’s wishes. Our trust solicitors will then provide advice as to the most suitable trust structure, taking into consideration the settlor’s wishes and motivations, as well as tax considerations.

Advice will be given as to the steps to undertake which could include obtaining valuations of property and ascertaining whether there are any tax consequences in settling assets into trust such as Capital Gains Tax. Once the advice has been given and the trust structure has been agreed, the trust documentation will be prepared and subsequently signed and executed by the settlor and Trustees.
What duties do a trustee have?
What can be put into a trust?
Can a trust be changed or revoked?
How are trusts taxed?
Will a trust protect my assets from care home fees?
How long can a trust last?

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Trusts Solicitors

Trusts Solicitors

Whether you’re setting up a trust to protect family wealth or navigating your responsibilities as a trustee, our specialist Trusts Solicitors provide clear, practical guidance at every stage.