Personal Law > Wills, Trusts & Probate > Setting up a Trust

Setting up a Trust

At Foys, we often find that people assume Trusts are only relevant for the very wealthy. In reality, that’s rarely the case.

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Trusts

They can be particularly useful where there are vulnerable adults, young beneficiaries, or family circumstances that require additional structure and oversight. In these situations, a Trust — created through a professionally drafted Will — can provide greater control over how and when assets are distributed. Making a Will is the foundation of good estate planning, and incorporating the right Trust provisions within it can offer added protection and peace of mind.

If you’re unsure whether a Trust is appropriate for your circumstances, that’s exactly what we’re here for. Our team offers clear, practical advice tailored to your situation, helping you make informed decisions with confidence.

Contact Foys Solicitors today to discuss making your Will and whether Trust provisions are right for your estate’s future.

TESTIMONIAL

"I was contacted by Sam Parkinson, and she was absolutely brilliant! I can never thank her enough for getting us through a very stressful time over my daughters will."

Faith

Frequently Asked Questions

Yes. In the UK, most express trusts (both taxable and non-taxable) must be registered with HMRC via the Trust Registration Service (TRS) within 90 days of creation or after making certain changes.
• Lifetime Trust (Living Trust): Created during your lifetime to take effect immediately. • Will Trust: Created within your will and only comes into effect after you pass away.
Yes, you can be a trustee of your own trust. However, depending on the type of trust you set up, it is usually recommended to have at least one independent trustee as well.
Trustees can be family members, close friends, or professionals (like a bank or solicitor). You should choose someone responsible who is at least 18 years old. You generally need at least two trustees.
A trust is a legal arrangement where you (the settlor) transfer assets to a trustee. The trustee holds and manages these assets for the benefit of your chosen beneficiaries.
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