A trust can be a tax-efficient way to protect your family’s wealth provided it’s well managed. Whether you’re a trustee or a beneficiary, we’ll help make sure your trust protects your family.
At Gepp Solicitors, we’ve been helping families set up and administer trusts for generations. Our experienced trust solicitors and tax advisers can help with matters including:
- Setting up all types of trusts
- Managing your trust day to day
- Preparing trust documents
- Finalising your trust and advising on any tax implications
- Advice for trust beneficiaries on to include advising you on your rights, your tax position and the duty of the trustees to look after your interests
- Resolving trust disputes
We’re deeply committed to providing the best possible service, and we’re proud to provide regular Wills & Trust seminars for MENCAP. We work closely with other professionals, including accountants and Independent Financial Advisers (IFAs) to help provide a holistic service covering all of your financial planning needs.
Whether you simply need expert advice or ‘hands on’ support with any aspect of creating, managing or dealing with an issue regarding a trust, please talk to us.
Find out how our trust advisors in Essex can help you
Have a quick question or want to request a call back? Use our simple online enquiry form.
Our trust law expertise
Setting up trusts
There are a variety of reasons for creating a trust, including:
- Protecting your property and assets from tax and care home fees
- Passing on your wealth to future generations in a tax efficient manner
- Providing for disabled relatives and vulnerable children
- Allowing you to gift assets to your children, while protecting your family’s wealth from divorce or bankruptcy.
Whatever your goals, our specialist trust solicitors and tax advisors can advise on creating a wide range of trust structures to match your needs, including bare trusts, interest in possession trusts and discretionary trusts.
Advice for trustees
Acting as a trustee carries significant responsibility with clearly defined duties. Our team can advise you on every aspect of your role, including:
- Understanding your duties as set out in the trust documents
- Effective management of money and/or assets held in trust
- Ensuring you are always acting in the beneficiary’s best interests
- Dealing with tax issues, including payment of Income Tax, Inheritance Tax and Capital Gains Tax, where appropriate
- Reporting to HMRC
- Dealing with trust disputes
Advice for beneficiaries of trusts
If you are the beneficiary of a trust, you need to be confident that the trust is being managed in a way that matches your best interests. If you have any concerns about how a trust is being managed, our expert team can advise you on whether there may be an issue and your legal options if so.
Disputes over trusts can be complicated, meaning they are often time-consuming, frustrating and expensive to deal with. Our team can provide clear, pragmatic advice to help resolve trust disputes amicably wherever possible, saving time, money and stress.
However, where an amicable agreement cannot be reached, we can also support you in starting or defending court action if required.
Specialist solicitors for the elderly
We offer specialist legal advice for the elderly and families living with dementia.
As one of the most established and experienced elderly care solicitors in the region, we understand how difficult it can be to come to terms with the diagnosis of dementia and other mental health conditions.
Our team are highly qualified solicitors who help clients who have life-changing diagnoses and work hard to look for positive legal solutions for the future.
For more information, visit our dementia information page, where you can find access to resources and more information about what our team can do to help you plan for the future.
Our trust advice fees
Fixed fee trust services
We can offer fixed fees for some work relating to trusts, such as the drafting of trust documents.
Hourly rates for trust advice
For more complex trust matters, we will charge according to an agreed hourly rate based on the level of expertise required. We will always give a realistic indication of the likely costs involved at the outset.
Why choose Gepp Solicitors for trust advice?
With decades of collective experience dealing with both simple and complex trusts, our trust lawyers and tax advisors can provide seasoned expertise to match your exact requirements.
The team is led by Managing Partner and Head of Private Client Lisa Carter, who has extensive experience dealing with a wide range of complex trusts and related issues. Lisa is also a Chartered Tax Adviser, along with Marc Dorsett, so they can provide expert advice on all tax issues relating to trusts.
Our team includes Danny Carter, Raine Cozens, Julie Flight and Alexandra Frumosu, who are all full members of the Society of Trust and Estate Practitioners (STEP), reflecting the high level of our expertise in this complex area.
Danny Carter is also a member of the Association of Contentious Trust and Probate Specialists and is therefore highly skilled in dealing with all types of trusts disputes.