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Trusts Lawyers

Trusts

What is a Trust?

A Trust is a relationship that is created and exists between a legal owner of assets (the Trustee) and the equitable owner (the beneficiary). A Trust does not have its own distinct legal personality like a company. It is therefore the Trustees that hold the legal title of the assets in their name but subject to the duty they owe to the beneficiaries of the Trust.

A Trust can be created in lifetime or on death by your Will.

Common uses of Trusts today

Asset protection

A Trust known as a Discretionary Trust can be used by a parent (for example) to protect an adult child without giving them a fixed interest in the trust property.

This type of Trust can potentially be used to protect the assets and children who may be at risk of divorce, drug or alcohol dependency or in a troublesome relationship.

Assisting loved ones who may be incapacitated

A trust arrangement could be used where a person is unable to hold property themselves. For example, they may be a minor or may lack capacity. A trust may offer a flexible (and sometimes a cheaper alternative) compared to a Deputyship under the Mental Capacity Act 2005.

Provision for family members and estate planning

A person may wish to limit the amount of available capital to their potential beneficiaries to ensure it is preserved for future generations and a Trust arrangement can assist with this.

Purpose trusts

Some people wish to leave property or money to certain causes or specific animals. A very carefully drafted trust would enable this to happen. There are stringent rules relating to purpose trusts and advice should be sought to make sure the gift to your chosen beneficiary does not fail.

Joint ownership of property

There are two ways that a property in England & Wales can be owned jointly and that is a ‘joint tenancy’ or a ‘tenancy in common’ commonly referred to as Joint Tenants or Tenants in Common.

In both cases the property is held under a Trust of Land. However, a joint tenancy and a tenancy in common have fundamentally different features. A key difference is how the property devolves on death. It is important to understand this difference and plan accordingly.

Joanna Ensor is a Solicitor and Associate member of the Society of Trust and Estate Practitioners. She has successfully undertaken the STEP Advanced Certificate in Will Preparation and prepares Wills in accordance with the STEP Will Writing Code.

Contact our Will solicitors in Ruislip, Middlesex

For tailored advice on Trusts, contact our specialist solicitors on 020 3856 8156 or complete our online enquiry form.

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We couldn't fault Anna and her colleagues at Sethi Partnership. They were professional, concise with information, gave enough detail so that you understood things and always made it feel like they were on our side doing what's best for the client, always. Happy to use again in future.
We engaged Anna Randall from The Sethi Partnership, on a referral from our estate agent, to guide us through the legal part of our sale of our property in April 2021. We were really pleased with the way Anna handled our sale, so would highly recommend using TSP and Anna more specifically.We found Anna to be professional, super responsive, and thorough. In what was already a very busy period for her (because of the stamp duty holiday) she helped us complete on our sale in a shorter than average period of time. Anna guided us through the entire process seamlessly, and was available to assist any time we had a query. We had a good comparison of other lawyers too - having only months earlier sold a rental property through a large consumer law firm.Our sale was reasonably complicated and we needed help to find a unique situation that worked for both parties - the buyer and the seller. Anna helped us come up with a fair solution to progress our sale. Anna made everything through the process seamless/easy.We were so impressed by Anna's work that we subsequently used her on another sale, and we now have two family members who are using her for their sale - both also equally impressed.
From start to finish the process was flawless. I wanted a solicitor who could do everything remotely as I did not live in the area. Sharanya kept me updated with the process and was always courteous and polite. I would recommend the Partnership if you are thinking of selling/buying your house.
We used Sethi Partnership Solicitors for our recent house move and could not have been happier. Caroline Hornett-White handled our move and we cannot sing her praises enough. Efficient, thorough and always quick to respond to any issues or queries we had. It's our third house move and Caroline Hornett-White has been BY FAR the best solicitor we've worked with and would happily do so again.
Very happy going with Sethi for our house purchase, the estate agent recommend another firm but they completely messed up the other links in the chain but not Sethi who had their eye on the ball from start to finish. Misbha worked hard to help us get through before the tax deadline and helped explain the various legal issues.You may not get immediate responses but they are professionals and know what their doing - just let them get on!
I cannot praise Malcolm Turner highly enough. He dealt with my mother’s estate, including a complicated trust, in a prompt, efficient and sympathetic manner. From our very first conversation, I knew I could rely on him. He always responded speedily to my emails and patiently answered any queries I had. He went on to deal with two property sales and answered queries relating to my Will. I consider myself very lucky to have found him!
Excellent service for over 20+ years, Malcolm Turner has provided a very professional, prompt and friendly service for our family. He has dealt with 2 property purchases, 3 property sales. A Power of Attorney & a Will. He explains the transactions in a very clear precise manner and his service is extremely quick! Thank you
Cormac, Anna and Misbha were the amazing Sethi team who ensured first, that I got my house sale completed by the June stamp-duty deadline and second, when I bought another one at auction five days later, they managed to get that completed in just sixteen days following the hammer coming down! I was most impressed by the service and attention to detail of this firm on all aspects of the work they did for me. I highly recommend them if you are either buying or selling a home, or dealing with complex issues around title. Top marks. Five stars all round and thank you all very, very much, you are appreciated!
Anna Randall dealt with my move and was outstanding from day one. Always available when I needed advice with prompt responses and without doubt, my move wouldn't have completed in time if it wasn't for her. Cannot recommend highly enough and have already recommended to family and friends
I have been working in the property industry for over 13 years and have to say Anna Randall at the Sethi Partnership is by far and away the best conveyancing solicitor I have ever come across.I cannot recommend her enough. First class service, professional, polite and thorough.
I would not hesitate to appoint Anna again and I would highly recommend her to anyone looking into buying or selling their property. From the start to completion her services were exceptional. Very responsive and she made the journey of buying our first property stress free. It was an absolute pleasure working with her. Thank you Anna for being a superstar and working around the clock to get us into our dream place!
We were very impressed with the way our solicitor Malcolm dealt with our wills. He was very helpful and answered all our questions. He did not give us specific suggestions but helped us make up our own minds with confidence. J+S
Great Service at competitive rates. Mishba Ali was very helpful and prompt all through my dealings with her.All queries were dealt in timely manner and i would recommend her for the professional service provided and thank her for getting my paper work completed in time
We used Sethi Partnership for conveyancing and I would highly recommend Caroline Hornett-White. Caroline is very professional, efficient kept us updated and advised us where we needed through out the process. I have already recommended Caroline and Sethi partnership to my friend who will be looking at conveyancing in the future.
Anna Randall from Sethi Partnership supported in the sale of our house and purchase of our new home. It was clearly a very busy time with the rush to complete before the original stamp duty holiday deadline at the end of March, and can say that Anna was always professional balancing the communication between email and phone, and spending the time to provide advice when required.I have already recommended Anna at The Sethi Partnership Solicitors to family looking to purchase property.
I used the Sethi Partnership for the conveyancing of the sale of my house in Hatch End and was very impressed with the efficient and effective service provided. The firm carried out the sale with little fuss and with minimal input from me. They were also responsive when I had questions. Their fees were in line with their original quote and were reasonable. I have no hesitation in recommending their services.
Anna (in conveyancing) was brilliant and kept me in the loop throughout. She is very experienced and leveraged her knowledge from past cases appropriately, as well as being meticulous in her work. Thank you for all the hard work!
I was assisted by Anna Randall with my flat purchase. It was always very easy to get in contact with her by email and telephone and I received regular updates throughout the transaction. Anna's advice helped me make difficult key decisions regarding my purchase which put me in a much better position as a purchaser.
I'd highly recommend The Sethi Partnership Solicitors and in particular Anna Randall.Anna is extremely professional and most importantly responsive, we had daily call's/emails with updates regarding our sale & purchase.We cant thank you enough.
We instructed Sethi to look after the sale of our house and purchase of a different one. We were very happy with the outcome and welcomed the candid and professional advice offered about various difficulties that arose in the purchase.What stops us from giving 5 stars is that we would have preferred to have had regular updates, even if just to say that nothing had happened, and that some of the documentation we received was hard for us to follow as it was in the form of template drafts that had not been appropriately adapted for our circumstances.However, we would unreservedly recommend the company, and in particular Anna Randall, who took very good care of us throughout.
Anna Randall dealt with my house sale. Very professional and competent, would recommend her to anyone, and use her again in the future. Great service.
Anna Randall you are a star again.... extremely efficient with extensive knowledge, helped our long-winded house purchase/sale proceed to fruition despite all the pitfalls thrown at you by our buyers. Highly recommended and details already passed onto friends who are currently buying property..
We recently sold our beloved house in London right in the middle of the COVID lockdown and restrictions. Anna and team carried out a seamless job with the conveyancing from start to completion. They were responsive and pro-active at all times which was even more important when we were abroad at times. We look forward to working with you again. Thank you!
We were very happy with the way Sethi Partnership helped with the purchase of our new property.Anna was very professional and thorough in her approach which gave us extra piece of mind and security as we knew they had our best interests at heart. Would highly recommend the firm to anyone and will be sure to use them again in the future.
Anna was instrumental in making our house sale and purchase a success! She always seemed to have our best interests at heart and gave sound and timely advice with regards to some very complex matters. Excellent service and we will definitely be using The Sethi Partnership Solicitors again. Highly recommend!
I was pleased with and grateful for Caroline's work on my sale and purchase. Very responsive and provided a professional and efficient service. While other parts of the chain were being slow, Caroline was the sane voice at the end of the phone. Thanks!
We were very happy with the Probate services Malcolm Turner provided us with. He explained everything in the right level of detail and was extremely polite and understanding. The advice he gave us, and the action he took on our behalf lead to a successful conclusion of these matters. I have since recommended Malcom Turner & Sethi Partnership to friend who is now going through Probate with his Mother's estate.
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The Barn House,
38 Meadow Way
Eastcote
Ruislip
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HA4 8TB
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