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.