Trusts and Estate Planning

When thinking about yours and your family’s future, you may want to consider the possibility of Estate Planning.  This is the process of preparing for the distribution of your assets to your beneficiaries when you pass away.



This may involve creating trusts during your lifetime or after your death in your Will.  It may involve minimising the amount of potential inheritance tax your estate would need to pay after your death.  It may also involve helping loved ones plan for the future.


It is important for families to organise their wealth so that it is protected as far as it can be, so that:

  • it can be passed onto future generations
  • taxation is kept to a minimum
  • as much control is retained over assets where appropriate.

If you have a financial adviser in place, Waldrons can act alongside them to ensure that what you wish to do can be achieved by you.

Estate Planning


What is a Settlor?

This is the person who is providing the assets to be placed in the trust.

What is a Trustee?

This is the person or organisation who is responsible for managing and administering the finances of a trust.  The Trustees must comply with the Trustees Acts and owes a duty of integrity, loyalty, honesty and good faith to the beneficiaries of the trust.

How many Trustees should I appoint?

Trusts are administered by a minimum of two trustees.  Professionals can manage a trust but it is not essential for the trustees to be professionals.

How are Trusts set up?

Trusts that are created in your lifetime are set up by Trust Deed which includes the details of the settlors, the beneficiaries and the terms and responsibilities of the trustees.  Trusts can be set up in your Will and are created after your death.  These are known as Will Trusts.

Why choose Waldrons?

Caring We will listen to you and deal with your matter in a caring and sensitive way using plain English.
Flexibility We are available for appointments at your home, at hospital or another location that’s convenient for you at no additional cost.
Assistance We will liaise with Financial Advisors and Accountants for you.
Costs We are clear on costs 100% of the time.
Dedicated You will have direct access to a Legal Advisor throughout your matter.
Expertise We have over 150 years’ experience in providing specialist legal advice representing individuals.
Estate Planning

Accreditations and Affiliations

Any solicitor can say they are experienced in what they do. We go the extra mile to demonstrate our expertise. Many of our specialists have undertaken independent assessments of their knowledge and skills. Our accreditations give you the assurance that you are dealing with a specialist.

Estate Planning

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