Whether for family, business, or charitable purposes, the formation of trusts requires careful planning and understanding of the complex legal regulations involved. Our law firm offers comprehensive services in this area, ensuring that your trusts serve your intended purposes effectively and legally.
Formation of Family and Business/Trading Trusts
We advise on the formation of family and business/trading trusts tailored to meet your unique needs and circumstances. Whether your goal is to safeguard family assets, ensure seamless succession, or provide for the efficient operation of a business, our team of legal experts will work closely with you to design a trust structure that achieves your objectives.
We understand the interplay between trusts and various family, corporate, and succession structures, enabling us to provide you with strategic advice that considers your holistic financial and personal landscape.
Formation of Charitable Trusts
Our services also extend to the formation of charitable trusts. We guide you through the legal complexities of establishing a trust dedicated to philanthropy, ensuring your intentions for social good are fully realised and legally compliant.
Obligations and Powers of Trustees
We provide expert advice on the obligations and discretionary powers of trustees. Understanding the terms of your trust deed and its interaction with the provisions of the Trusts Act is crucial to ensuring your trust operates as intended. We guide trustees through their responsibilities, equipping them with the knowledge needed to administer the trust in the best interest of beneficiaries.
Trusts Resettlement, Variation, and Beneficiaries’ Rights
Trusts are not immutable structures; sometimes, due to changing circumstances or needs, resettlement or variation of trusts becomes necessary. We advise on these complex processes, ensuring that the rights of beneficiaries are always considered and upheld.
A primary reason for establishing a trust is asset protection, shielding your wealth from unforeseen risks. We provide robust asset protection strategies, helping you structure your trust in a way that safeguards your assets against potential creditors, legal judgments, or other threats.
Trust formation and administration can be intricate, requiring the expertise of seasoned professionals. Connell & Connell take the time to understand your specific needs and offer solutions that reflect your goals, ensuring your trust serves its purpose today and for generations to come.