Trustees, executors and fiduciaries
It's a great honor and responsibility to be entrusted to manage and dispense wealth on behalf of others. As the rules regarding investments, accounting and taxes get ever more complex, it's vital that you understand what powers and responsibilities you do or don't have.
This is particularly critical when interests in multiple jurisdictions around the world are involved, as hasty decisions can trigger punitive tax consequences which could otherwise be prevented.
We have acted for many generations of executors and trustees and our team is available to guide you through the different rules and decisions you must deal with. With 18 offices globally, we are particularly skilled on cross-border matters involving complex questions of tax, as well as advising trustees and executors on claims brought against them by beneficiaries or third parties.
Given your fiduciary duty to the trust’s or the estate’s beneficiaries, you may be particularly vulnerable to claims of breach of duty, and in certain circumstances, this can lead to personal exposure to a claim. We help manage risk for a wide cross-section of trustee clients. We act in ‘friendly’ disputes, where the court simply gives guidance on how best to resolve a particular trust or estate problem; but if the matter cannot be sorted out or the parties are ‘hostile’, we prosecute or defend on behalf of our client as necessary.
Our in-house trust corporation, WITCO, has a full-time team who can act as executor or trustee for UK wills and trusts, and we have extensive contacts throughout the onshore and offshore world of trust management.
For further help or informationGet in touch
The way ahead
Legal advice on managing coronavirus
Coronavirus has left nothing untouched around the world, and will leave a long legacy of changes behind it. To help you adapt to this new world and identify the way ahead, we have a wealth of analysis and guidance available.
Познакомьтесь с нашей командой
Would you like to hear more from us?
Visit our subscriptions page to tell us a bit more about what you’re interested in so we can send you relevant news.