Expertise in Wills, Trusts & Probate Since 1860

Trust Solicitors In Liverpool City Centre

Our firm offers genuine expertise in the often complicated area of setting up a trust. A trust fund is a legal instrument which provides a flexible way of protecting and managing an individual’s assets, while ensuring the financial stability of family members and loved ones in the future.

A trust may be created during an individual’s lifetime or be written into a will to take effect on their passing. It may include all types of assets including cash, shares and property, which will be managed by one or more trustees in the interest of the beneficiaries.

One of the great benefits of trusts is their versatility; there are various different types of trust which can serve many different purposes according to the wishes of the ‘settlor’ and the needs of the beneficiaries.

  • How Can Our Trust Solicitors Help You?
  • Trust Funds Protect Assets For Future Generations
  • What Types Of Trust Are Most Common?
Specialist legal advice is essential for three main reasons: identifying whether setting up a trust is suitable for an individual; if so, what type of trust is the most appropriate given their circumstances; and finally ensuring that the trust is set up in the most tax-efficient way (assets belonging to a trust will not be counted for inheritance tax purposes, although to complicate matters they will normally be taxed separately depending on the type of trust).
Trust funds are usually created to make sure that an individual’s capital and the income deriving from it are protected for future generations. A trust can be used to distribute capital to beneficiaries at a certain point in the future, or to allocate the income derived from it while preserving (and ideally growing) the capital. In this way, a trust can provide security against beneficiaries squandering both the capital and the income for whatever reason.
The most common types of trust are bare trusts, discretionary trusts and life interest trusts (also known as interest in possession trusts). As the name implies, a bare trust is the most straightforward type of trust, with the settlor’s assets held in the name of one or more trustees, but with the beneficiary holding an absolute right to the capital, assets and derived income. Bare trusts are often used to transfer assets when children or grandchildren reach the age of 18.

Discretionary trusts give the trustees wider powers over how assets are used for the benefit of beneficiaries, and may also hand them control over which beneficiary receives capital, income or both, as well as when and to what extent. The settlor’s intention will often be to protect their assets and the beneficiary’s financial future from, for example, unsuitable lifestyle choices or relationships.

As the name indicates, a life interest trust gives a beneficiary the right to receive income from trust assets or to live in a property owned by the trust during their lifetime. The ‘life tenant’ enjoys all the benefits from the trust until their death, when the assets are passed to other beneficiaries named in a will. The assets never leave the estate, and the life tenant has no access to the estate’s capital. A life interest trust is commonly used to provide for family and loved ones during their lifetimes while preserving the estate’s assets for future generations.

Why Choose Bartletts Solicitors?

Solid Traditional Values Delivered
In A Modern Convenient Manner

Our firm has years of experience in wills, trusts and probate matters in the city of Liverpool and across Merseyside.

For simple trusts we offer a premium service at competitive fixed fees. More complex trust funds are charged at a fixed hourly rate.

Our service is different from 'online' companies and most local firms. Your case will be handled from start to finish by Louise Nelson, a solicitor with 39 years experience in these matters. Louise and her team offer home visits or a face-to-face meeting at our Liverpool City Centre offices.

Customer service is very important to us. John Bartlett has been managing the firm for over 40 years and takes customer satisfaction very seriously.

Our service has always been focused on truly understanding our clients and their wishes. Under normal circumstances, the best way to do this is via a face-to-face meeting in our offices or your home.

Due to the coronavirus pandemic, your personal welfare and safety is our number one priority. For this reason, clients can now access all our services by phone, email and video conferencing (e.g. Skype) without the need to visit our offices or meet your solicitor in person.

Send Our Wills, Trusts & Probate Team An Enquiry:

Solicitors Specialising In Wills, Trusts & Probate
Louise Nelson is a solicitor with 39 years experience in wills, trusts & probate matters. Louise and her team will be happy to offer you a no obligation quotation.

Further Information:

Bartletts is proud to support a number of public bodies and charities, including Liverpool Cathedral, National Museums Liverpool, the Walker Art Gallery and Zoë’s Place Baby Hospice. You can find out more on our blog or on social media.

“I was delighted Bartletts Solicitors continued their tradition of philanthropy with Liverpool Cathedral this year. Thank you so much for your generous gift.” - The Dean of Liverpool, The Very Revd Dr. Sue Jones (Dec 2020)