Trusts

A trust or settlement is a fund which contains assets that are controlled by you and / or a nominated third party for the benefit of specific individuals. They are governed by complex legal regulations and separate tax rules. A trust can be set up at any time during your lifetime and can come into force immediately or, if created under the terms of your will, upon your death.

Trusts can take various forms, for example:

Grandchildren

Grandparents often set up trusts during their lifetime to provide funds for their grandchildren's education and additional expenses.

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Any funds that remain in the trust when the grandchildren have completed their education will be paid to them when they reach a specified age. In addition, many grandparents wish to leave their grandchildren a cash gift in their will. If it is a substantial amount the gift may be held in a trust until they reach the age of 18 or a later specified age.

Provision for family on second marriage

Many people remarry and have a second family with their new spouse. Trusts can be used to provide for a new spouse whilst also preserving funds for the children from both the first and second marriages.

Tax planning

Placing assets into a trust during your lifetime can help to minimise your inheritance tax liability. Any assets held in a trust do not form part of your estate when you die and may escape inheritance tax, if sufficient time has passed since you placed the assets into the trust. 

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It is also possible to place any death in service benefits (which may flow from a pension scheme membership) and life policy proceeds into a trust fund. By placing these interests in a trust you are ensuring that they do not form part of your estate on your death and will therefore not be subject to inheritance tax. As the benefits are usually only paid out in the event of your death (i.e. you would not benefit from them directly) this is a good method of reducing your estate's inheritance tax bill.

Our experienced team can assist you with all aspects of tax planning and trusts. We can offer clear advice on the types of trusts available and provide practical support for the day to day administration of trusts, including the preparation of annual accounts and the submission of tax returns on behalf of the trustees.

Convenient meetings

We can meet you at either our Salisbury, Southampton or Poole office

Wills and marriage

Did you know when you say “I Do” your existing Will becomes invalid?

Inheritance tax

Want to know how to reduce your inheritance tax liability?

Read more

Meet the team

First person - Wills, trusts and probate

Karen Perugini

Partners

Gary Pick
Partner & Head of Private Client Services Group
Private Client
Poole
01202 339032
0779 381 6843
Private Client
Lloyd Thomas
Partner
Private Client
Poole
01202 339019
Private Client
Elizabeth Webbe
Partner
Private Client
Salisbury
01722 426943
07917 710 919
Private Client

Associates

Mihiri Gajraj
Associate & Head of Private Client Southampton
Private Client
Southampton
023 8082 0544
Private Client
James Hammersley
Senior Associate & Head of Private Client Salisbury
Private Client
Salisbury
01722 426952
07467 943446
Private Client
Sarah Richards
Associate and Head of Private Client Poole
Private Client
Poole
01202 339025
Private Client

Solicitors

Holly Algar
Solicitor
Private Client
Southampton
023 8082 0515
Private Client
Derek Bryer
Solicitor
Private Client
Salisbury
01722 426912
Private Client
Gary Cox
Consultant
Private Client
Poole
01202 339049
0782 601 9764
Private Client
Laura Stone
Solicitor
Private Client
Poole
01202 339038
Private Client
Martha Swann
Solicitor
Private Client
Poole
01202 339013
Private Client

Chartered Legal Executives

Jenny Shucksmith
Chartered Legal Executive
Private Client
Salisbury
01722 426973
Private Client

Tax Advisor

Paula Arnold
Trusts & Tax Practitioner
Private Client
Poole
01202 339039
Private Client

Paralegals

Rachel Kent
Paralegal
Private Client
Salisbury
01722 426991
Private Client
Jodie Sainsbury
Paralegal
Private Client
Salisbury
01722 426970
Private Client

Trainee Solicitors

Samuel Salter-Galbraith
Trainee Solicitor
Private Client
Poole
01202 338555
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Legal Secretaries

Sarah Adams
Legal Secretary
Private Client
Salisbury
01722 426941
Private Client
Jane Bilton
Legal Secretary
Private Client
Salisbury
01722 426907
Private Client
Karen Carter
Legal Secretary
Private Client
Southampton
023 8082 0452
Private Client
Sarah Cobb
Legal Secretary
Private Client
Poole
01202 338558
Private Client
Jane Fielding
Legal Secretary
Private Client
Poole
01202 339006
Private Client
Rachael Francis
Legal Secretary
Private Client
Salisbury
01722 426941
Private Client
Ali Malone
Legal Secretary
Private Client
Salisbury
01722 426972
Private Client
Sandra Ross
Legal Secretary
Private Client
Poole
01202 339040
Private Client
Hayley Stack
Legal Secretary
Private Client
Poole
01202 339004
Private Client
Sonja Vine
Legal Secretary
Private Client
Poole
01202 339036
Private Client

General Staff

Helen Glatter
Chartered Accountant
Private Client
Poole
01202 339041
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Office Administrators

Kristine Neilande
Administrative Assistant
Private Client
Poole
01202 339046
Private Client
Emily Thompson
Administrative Assistant
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Salisbury
01722 426982
Private Client