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Services | Trust administration

Being appointed a trustee is a role which entails a serious duty of care to the trust beneficiaries and places a real responsibility on an individual to ensure they fulfil this role.

A trustee's responsibility will range from seeking the right financial advice; to deciding where investments are to be made (including the type of shares); to issues such as dividend payments and capital distributions; to ensuring annual trustee meetings are held and making sure there is documentary evidence to support any decisions which are taken. This can be especially taxing where responsibility is taken for the development of a family business which is being passed on through the family.

Failure to fulfil these roles properly can expose trustees to personal liability. With more valuable trusts being set up, increasingly clients are using our Trust Corporation and administration service to avoid the risk of personal liability.

The B P Collins trust team offers efficient and expert handling of your trusts and our dedicated trust administration service ensures that trustees are aware of their responsibilities and that paperwork is dealt with quickly and efficiently. Our dedicated trust administrator offers support and guidance to help trustees comply with the duties and responsibilities demanded of them, most particularly by the Trustee Act 2000.

Our administration service can include the interpretation and review of the terms of any trust and provide advice and support documentation on any decision making processes that may arise. We can assist with the preparation of agendas for trustees' meetings and production of subsequent minutes with follow-up actions.

We offer proactive advice on when to document a decision and the preparation of appropriate resolutions as well as support in relation to key dates arising, for example, 10 year anniversaries, beneficiaries reaching adulthood etc.

The team are also happy to review investment valuations and comment on asset allocation and performance comparisons with financial indices.

Stay in touch

Phone: +44 (0) 1753 889995

Email: enquiries@bpcollins.co.uk

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