Highly experienced team with practical working knowledge of trust formation and administration
A trust arises out of the separation of the legal title to property and the right to enjoy or benefit from that property.
Working with trusts involves one person (the settlor) transferring the ownership of property to another (the trustee) to hold for the benefit of a person or class of persons (the beneficiaries) or for a specific purpose. In most cases, the settlor expresses the terms of the trust in a document (the trust deed) and the trustees must administer the trust in accordance with those terms and with the law.
A Manx trust is not a legal entity; all the business of the trust is carried on, by, and in the name of the trustees. Unlike a company, trusts do not have directors, but have trustees that manage the trust, as well as protectors, and settlors. The trustees take on the same sort of responsibilities as a director does with the management of a corporation.
For more details on the individual elements that make up a trust, click on the links below:
Trustees Protectors Trust Name
Beneficiaries Settlor Forced Heirship
Trust Formation and Administration | What we do
We provide solid processes around trust formation, delivering a solution that meets your requirements. We work closely with our clients who are looking to utilise trusts to achieve their long-term objectives using our trust solutions, including:
- Family provision and wealth preservation
- Business succession planning
- Protecting assets against personal liability
- Charitable and philanthropic causes
- Sharia compatible planning
- Pensions and employee benefit schemes
- Private trust company structures
Talk to us today
If you need to talk to someone about establishing a trust, then take the first step. You can email enquiries@mannbenham.com or call us on 01624 639350 to arrange your free consultation with us today.
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Reasons to use MannBenham
Personal Service
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Everything we do is backed by leading legal professionals and an extensive range of advisory and support services designed to meet our client requirements and exceed expectations
Always Professional
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We remain professional at all times, treating everyone respectfully and with courtesy, listening and understanding our clients needs
Global Solutions
MannBenham Advocates, Advisory and Fiduciary solutions are truly globalMannBenham Advocates, Advisory and Fiduciary solutions are truly global
MannBenham’s global reach combines Isle of Man excellence with cross-jurisdictional expertise creating a complete integrated approach
Wealth of Experience
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Our experience and expertise crosses both commercial and personal, delivering real solutions that satisfy our clients expectations