Trusts

We can set up all types of trust and we advise on the use of trusts during your lifetime and after your death. These can cover a variety of situations from provision for your children or grandchildren to charitable trusts. We can also discuss existing trusts and the tax consequences for the future.

Trust Management

We offer a full trust management service whether we act as trustees or as advisors to the trustees. This includes the preparation of annual capital and income accounts, tax returns and management with the appointed financial advisor or stockbroker of the trust portfolio. We can advise on possible distributions from the trust and variations of its terms, including the tax consequences of such actions.

Discretionary Trust

These can be set up during lifetime or on death. The most common use of the discretionary trust until the pre-budget changes in 2007 was to save inheritance tax. However, it is also used to protect money/assets in cases of a minor or someone who is disabled or vulnerable in society. We have very wide experience in advising parents of disabled children and dealing with the affairs of those who lack mental capacity.

 
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Tracy Scammell
Tracy Scammell
Partner
t: 01308 862313 / 01297 442580
Wills, Probate, Trusts, Elderly & Incapacity, Tax Planning, Equine
Rachel Oaten
Rachel Oaten
t: 01308 427436
Wills, Probate, Trusts, Elderly and Incapacity, Tax Planning, Powers of Attorney and Court of Protection
 
The Champions
Beaminster, Dorset DT8 3AN
Mon-Thurs 9am - 5:30pm / Fri 9am - 5pm
t: 01308 862313
f: 01308 862033
e: beaminster@ktlaw.co.uk
9 Chancery Lane
Bridport, Dorset DT6 3PX
Mon-Thurs 9am - 5:30pm / Fri 9am - 5pm
t: 01308 427436
f: 01308 420335
e: bridport@ktlaw.co.uk
57/58 Broad Street
Lyme Regis, Dorset DT7 3QF
Mon-Thurs 9am - 5:30pm / Fri 9am - 5pm
t: 01297 442580
f: 01297 442163
e: lymeregis@ktlaw.co.uk
5 St Albans Chambers
St Alban Street, Weymouth, Dorset DT4 8PY
Mon-Thurs 9am - 5:30pm / Fri 9am - 5pm
t: 01305 341400
f: 01305 767644
e: s.jones@ktlaw.co.uk / jjudkins@ktlaw.co.uk
 

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Kitson & Trotman Est. 1756