The introduction of the Trustee Act 2000 marked a change in an area of law which had remained largely unchanged for 75 years.

So what?

You may ask how trust law affects you or how it has any relevance to your life.
Most people are trustees even if they do not know it, for example if you own a house with another and the house is in your joint names, you are a trustee of land!

We firmly believe that anyone over 18 who has a bank account…a car…life insurance… pension… a house … investments… a business… anything of value should think about making a Will. Mackarness & Lunt have particular expertise advising in situations where there are complex family, property or business arrangements.

Trusts have a variety of uses which include:

Providing for the vulnerable.

Passing assets to children in a tax efficient way.

Safeguarding an inheritance.

Saving Inheritance Tax.

A trust is administered by the trustees. They hold the trust assets for the benefit of others. With a few limited exceptions (such as children and bankrupts) anyone can be a trustee.

But a trustee has legal responsibilities and the job should not be undertaken lightly.

Do you know what will happen to your property if you haven’t made a Will? Wouldn’t you prefer to decide for yourself?

For details concerning dealing with the estate of someone who has died, please read the details of our Probate services.