0141 674 4366

Trust Solicitors, Glasgow, Scotland

Would you like to safeguard your hard-earned assets for your family? After all, we work hard to provide a legacy for our loved ones and we want to ensure our assets are protected now, and in the future.  

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A happy family who have set up trust and succession planning

What is a Trust Corporation?

A Trust Corporation is, a type of financial institution that is authorised to act as a Trustee, Executor, or administrator of Estates and Trusts, or any particular case on behalf of clients. Trust corporations in Scotland are typically authorised and regulated by the Law Society of Scotland or the Scottish Financial Conduct Authority.

When making a Will or setting up a Family Protection Trust, your first thought may be to appoint family or close friends as executors or Trustees.

However, they may not always be the most appropriate people to administer the estate, deal with your financial affairs in the event of you being unable or incapable of doing so and act as a Trustee. Also, the chosen individuals simply may not want to act as a Trustee.

You should consider if they will act impartially and carry out your wishes without having regard to family dynamics. In addition to these considerations, the administration of estates and Trusts can often be complex, with strict duties and responsibilities placed upon Executors and Trustees and compliance requirements. This may be particularly daunting for family or friends to deal with.

To help with this, Jones Whyte works alongside a Trust Corporation. This allows for a professional Trustee of your Family Protection Trust and executor under your will.

Our Trust corporation is completely impartial in its decision-making.

We provide our Trust service for clients of independent financial advisers and other solicitor firms. We regularly advise on the creation of lasting powers of attorney and assist attorneys in their acting. We are experienced in managing the potentially difficult process of obtaining probate quickly and cost-effectively.

Trust Corporation

Working with a Trust corporation

There are many advantages to using a Trust Corporation to act as a corporate trustee.

  • It takes the pressure off family members to act as Executors and Trustees. After all, people you trust enough to name as a Trustee will be dealing with the death or incapacity of a loved one. Acting as a Trustee can simply add to the strain at a difficult time.
  • Family members may be swayed by family dynamics, which could affect their decision-making.
  • Of course, it may be that the people you want to act as a Trustee may not be responsible enough to take on the role, or they may refuse it.

In these situations, a Trust Corporation could be the right choice. To find out more about Trust Corporations contact our Estate Planning Team today.

Meet the Experts

Our expert wills, trusts and estates solicitors can help you structure your estate in the best way to protect your wealth for the future, provide for your loved ones and minimise tax.

Meet the whole team
Gregg McGeoch

Gregg McGeoch

Senior Estate Planning Consultant

Roisin Eleanor Gunn

Roisin Eleanor Gunn

Senior Associate

Ross Anderson

Ross Anderson

Partner

Contact Jones Whyte today

For legal support & help at every stage of your life.

Do not hesitate to reach out to our specialised and dedicated Estate Planning team, who are on hand to help, contact us on the number below or the via contact form.

0141 674 4366
info@joneswhyte.co.uk

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Other services from Jones Whyte

Jones Whyte is a trusted and experienced law firm that can act as a trustee if this is right for your situation. We also have experience in managing your assets in whichever way you would prefer. Our services include:

Plan your estate with specialist solicitors from Jones Whyte, and ensure your wishes are respected.

Explore specific areas of Estate Planning

Amending a Will

Testamentary Trusts

Discretionary Trust Wills

Charity Partnerships

Family Protection Trusts

Gift of Hindsight & Deed of Variation

Trust Planning

Power Of Attorney

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