Trust Law & Creation
✓ We are award-winning at what we do.
✓ Expert legal advice which is tailored to your estate planning needs.
✓ We are a full-service law firm, able to seamlessly harness broader legal expertise.
Trust Solicitors
During any estate planning exercise, it is often advisable to consider the use of trusts. This is especially true if you have dependents you are seeking to provide for.
Our experienced estate planning solicitors can discuss your needs, providing bespoke advice on the options available and the advantages of different trusts from a practical as well as legal perspective
Setting Up a Trust
Setting up a trust allows you to manage assets such as money, investments or property, for you, your family or anyone else you would like to benefit.
When assets are placed in a trust, they are under the control of a person or persons called ‘trustees’ who you will appoint. Your trustees will be responsible for managing the trusts according to your instructions, even after your death.
There are a number of reasons to set up a trust including:
Passing assets on to your loved ones
Funding the education of your children or grandchildren
Providing for children and partners from different relationships
Reducing inheritance tax payments
Protecting assets from creditors or divorcing partners.
Trusts can be set up when making a Will and will usually fall into one of the following categories:
Bare Trusts – this is where Trustees look after the assets for someone who is entitled to them.
Discretionary Trusts – in this case a group of potential beneficiaries and the Trustees have the power to decide on the ultimate distribution within that group.
Life Interest Trusts – this is where the beneficiary or beneficiaries receive the income, interest or right to benefit from the assets but cannot use capital which is protected for a different beneficiary or beneficiaries.
Trusts for children – here, assets are held for children who have not reached the age at which they are able to receive all of the capital put aside for them.
Need to register an existing Trust? Click here for more information.
Contact Us Today
Setting up a trust is a powerful way to protect your assets, support loved ones, and plan for the future but it’s essential to get the right legal advice. Whether you’re thinking about passing on wealth or safeguarding a vulnerable family member, our specialist solicitors are here to help you every step of the way.
Our experienced Trust Solicitors in Lancashire are based in Nelson, near Burnley. We provide clear, practical guidance on establishing, managing and administering trusts, ensuring your intentions are honoured and your assets are protected long into the future.
With over 35 years of experience, Farnworth Rose is trusted by individuals and families across the region to advise on all types of trusts, including discretionary trusts, life interest trusts, bare trusts and vulnerable person trusts. We’ll help you understand how a trust can support your goals, whether it’s for tax planning, estate protection or family provision.
As a full-service firm of Solicitors in Burnley & Nelson, we draw on our expertise in all fields of law, ensuring you receive comprehensive support tailored to your situation.
We’re award-winning at what we do. Our estate planning solicitors are recognised across the Northwest for their technical skill, thoughtful approach and dedication to long-term client relationships. Our history of success makes us the perfect choice for Trust Solicitors in Preston, Manchester, Blackburn, Rochdale and Bolton, as well as across the Pennines in Leeds, Sheffield, Huddersfield, Skipton, Keighley and beyond.
Wherever you are in England or Wales, our team is ready to provide thoughtful, cost-effective advice that gives you and your family peace of mind today and security for tomorrow.
To speak with one of our specialist Trust Solicitors at Farnworth Rose, call us now on 01282 695 400 or complete the form below, and we’ll be in touch.
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