Our trust team manages a large number of family trusts, dealing with their day-to-day management and other issues which can arise including:

  • producing annual trust accounts 
  • completing and lodging annual trust Tax Returns including payments on account of tax
  • dealing with Inheritance Tax events such as appointments of capital.
  • day to day book keeping such as recording entries of income and capital events
  • liaising with other professional advisors on behalf of trustees or beneficiaries regarding trust assets (e.g. property managers, investment advisors)
  • liaising with beneficiaries on behalf of trustees on matters such as income or capital distributions, providing certificates of deduction of tax and income schedules
  • advising the trustees on the rapidly changing legislation governing trusts such as the annual Finance Acts.

In addition to our trust management role, the Russell-Cooke Trust Company acts as a professional trustee for many trusts.

Our team and approach

  • Members of our trust management team come from an accountancy background and deal exclusively with trust management work, working closely with lawyers in the wills, probate and taxation teams. We have the expertise, specialism and flexibility to offer a bespoke service based on individual clients' needs
  • Andrew Robinson heads the trust management team and is a chartered accountant with extensive experience of family wealth accounting
  • Many of our trust managers and lawyers are members of professional organisations such as the Society of Trust and Estate Practitioners (STEP) and Solicitors for the Elderly

Society of Trust and Estate Practitioners

The Society of Trust and Estate Practitioners (STEP) is a unique professional body providing members with a local, national and international learning and business network focusing on the responsible stewardship of assets today and across the generations. STEP provides education, training, representation and networking for its members. Members advise clients on the broad business of the management of personal finance. Full members of STEP are the most experienced and senior practitioners in the field of trusts and estates.

www.step.org

Private Client Practitioner Top 25 Law Firms

eprivateclient is the leading website and news service for private client practitioners, including lawyers, accountants, trustees and fee-based IFAs. It is the only place to see the results of the Private Client Practitioner Top 25 Law Firms, Top 25 Accountancy Firms, Top 25 Trust Companies, Top 25 IFA Companies, Top 35 Under 35 and 50 Most Influential.

www.eprivateclient.com

We aim to charge for general trust administration work on a fixed fee basis, to give trustees an element of certainty.  Our fee is based on the number and complexity of transactions, and includes the preparation of trust accounts and tax returns.

Any additional one-off work (such as the appointment of a new trustee or the IHT 10-year charge on discretionary trusts) would be outside the scope of the fixed fee, and is billed separately on the basis of time spent and the seniority and experience of the personnel involved.

We will provide you with an initial estimate of your likely legal costs and will update this if necessary as your requirements or the circumstances of the work change.

We would be pleased to discuss your requirements and produce a costs estimate accordingly based on the type and complexity of the work involved.

STEP

The Society of Trust and Estate Practitioners (STEP) is a unique professional body providing members with a local, national and international learning and business network focusing on the responsible stewardship of assets today and across the generations. STEP provides education, training, representation and networking for its members. Members advise clients on the broad business of the management of personal finance. Full members of STEP are the most experienced and senior practitioners in the field of trusts and estates.

Click here for further information