Personal Financial Services
A Trust review & management solution for Professional Trustees
With an ever growing compensation culture and companies that pursue claims on behalf of others, there is a growing risk that a disgruntled beneficiary of a Trust will successfully seek compensation from a Trustee.
As a Professional Trustee it is therefore important that you fulfil, and are able to demonstrate that you have fulfilled, your statutory duty of care under the Trustee Act 2000.
Our Trust Review Service provides for a strategic review of Trustee responsibilities against the requirements of the Trustee Act 2000, clearly highlighting areas which may require attention.
Most Solicitors or Accountants that provide a Trust/Trustee services will over time have accumulated a number of Trusts under their control and will in many cases be acting as a Professional Trustee.
Often there is not a central record within the Practice as to what Trusts there are in place and whether they are regularly reviewed and managed in accordance with the Trustee Act 2000.
This means that the Practice does not have an overall view on and control of it's compliance with the Trustee Act.
The Lucas Fettes Trust Review Service provides a framework for the central management of Trusts consisting of the following elements:
The report will also include commentary on the current powers of investment under the Trust, the existing investment criteria and reviews undertaken to date.
The service can be tailored specifically to your own requirements and we would be happy to discuss this with you along with the costs for providing this.
For more information please contact us or request a call back.
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