How to Set Up a Trust: Do You Need a Solicitor?

Do you need a solicitor to set up a Trust? It’s a question asked by many as they face the challenge of conducting a legal process they haven’t encountered before.

If given the choice, most would opt to support those close to them after they’ve gone, providing financial stability during a time of emotional uncertainty.

Completing the process of creating a Trust is an important part of future planning. It’s also a topic that may not be discussed that often, with people putting future planning to the back of their minds as day-to-day life gets more and more hectic.

But when it comes to looking ahead, is a self-created Trust the right option?

Do you need a solicitor to set up a Trust?

The process can be conducted independently but that comes with a raft of risks for the person creating a Trust.

You may find reassurance in doing it all yourself. However, the strain that comes with that, especially if it’s the first time you’ve created a Trust, or the Trust itself could be complex in nature, can lead to increased worry, hassle, and potential future issues.

The need for accuracy is paramount and knowing you haven’t missed anything is vital if you wish to avoid complications and legal challenges among beneficiaries later down the line.

Why would you leave that to chance?

A solicitor can conduct the process from start to finish, with your wishes at the forefront of their thinking. Delivering on your instructions, they will discuss your circumstances and move forward in an appropriate way that’s relevant to your unique situation.

They’ll identify the type of Trust that best applies, gather relevant information to cater for all aspects, and deliver your wishes in a legally binding way.

Giving you that peace of mind is reassuring, it saves you time and energy, and allows you to help those you care about in the future.

Why choose Winns?

Winn Solicitors has a specialist Wills, Probate and Trusts team that can support you throughout the process.

With decades of experience, they’re compassionate, diligent, and knowledgeable, providing you with peace of mind that everything is taken care of, and your wishes will be delivered upon.

For a no-obligation chat with our team, contact us today.

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