In recent years there has been an increase in trust corporations established by law firms taking on independent fiduciary roles. With probate disputes and contentious deputyship cases on the rise and alternative business structures (ABS) entering the legal market, firms are reviewing their practices to consider how best to respond to consumer demand for specialist legal advice.
Arshoo Singh, associate in the private client team, considers how a law firm-owned trust corporation is used and weighs up the benefits and disadvantages of creating one.
This article was first published in Solicitors Journal, November 2015.
Setting up a trust corporation - Solicitors Journal - November 2015.pdf