Trusts

If you want to maximise the benefit that your family receives from your estate then Tilly Bailey & Irvine can assist you to structure your estate accordingly.

A trust involves giving assets, which can be money, stocks and shares, property etc to Trustees who administer the assets in accordance with the terms of the Trust.

 

  • Carolyn Tilly
      • 01429 405091
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  • Martin  Brown
      • 01429 405066
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  • Nicola Dalzell
      • 01642 356407
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  • Helen Dexter
      • 01833 638326
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  • Annaliese Barber
      • 01429 405079
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  • Andrea Bradford
      • 01429 405085
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  • Joanne Tillotson
      • 01642 356422
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There is a common perception that Trusts are only for the wealthy but with  comparatively high house prices many more families are being caught by Inheritance Tax merely because of the value of the family home. With careful tax planning such as arranging a pattern of lifetime gifts or making a Will the payment of taxes such as income tax, capital gains tax and inheritance tax can be minimised or even avoided.

The Trust team which is part of the Private Client Department acts for a number of trusts, including Charitable Trusts and has experience in the creation, administration and winding up of Trusts. It provides a full service including the preparation of annual accounts and completion of annual income tax returns.

The Legal 500 (2017) comments: The ‘professional, knowledgeable and approachable’ team  is ‘able to dispense with technical jargon and communicate clearly and concisely; it always puts clients at ease due to its exceptional rapport-building abilities’. Carolyn Tilly, who ‘really knows her stuff’, leads the four-partner practice and regularly acts for elderly individuals. Clients single out Helen Dexter, who handles agricultural and high-value estate administration; the ‘highly adept’ Martin Brown; and the ‘insightful’ Nicola Dalzell, who is recognised for her probate expertise and who also advises on Wills, estates, trusts, asset protection, estate planning and mental capacity matters.