Creating a Trust: How Much Does it Cost?

When creating a Trust, many will think about the cost to make one. Unfortunately, there is no standard answer and it depends on your unique circumstances.

A Trust can be an important part of future planning, ensuring chosen beneficiaries are supported through a Trust.

How much does it cost when creating a Trust?

When creating a Trust, the costs associated can be different from person to person. The costs involved depend largely on your circumstances, the assets involved, and the value of said assets.

Winns offers a fixed fee one-hour consultation to explore your scenario and ensure you get advice on the most suitable Trust for your needs. The team, based on the discussion in this consultation, can then provide a fixed fee quote for the creation of the Trust.

How to set up the Trust

If you are considering creating a Trust, it is advisable to speak to a legal professional. They can advise you on the next steps, based on your circumstances, and set about drafting Trust Deeds, incapsulating all relevant terms, as well as appointing chosen Trustees.

How does a Trust fund work?

A Trust is a way of managing assets for people. These can be money, investments, land or building. They help to control and protect family assets, handle matters when a beneficiary is too young, by law, to deal with them directly or is incapacitated.

When creating a Trust, the settlor – who the assets belong to – decides how they want the assets to be used, as per the Trust deed. The nominated Trustees are there to deal with the assets according to the settlor’s wishes, manage the Trust, and decide to invest or use the Trust’s assets.

The beneficiaries are those that receive the assets as decided by the settlor.

Ready to create a Trust?

Call the dedicated, diligent, and compassionate team at Winns to help deliver your wishes for your assets. With decades of experience, our team will approach matters sensitively and methodically to ensure you get the Trust you need, based on your circumstances.

Ready to start the process?

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