Trustee Services
Trusts have their origins in medieval English law and have long
been associated with
the protection of assets.
A trust enables an individual (the "Settlor") to transfer the
legal ownsership of assets to a third party (the "Trustee"), who
holds and administers those assets for the benefit of other
individuals, (the "Beneficiaries"). The trust arrangement is
normally recorded in a written document (the "Trust Deed") which is
signed by the Settlor and the Trustee. Alternatively, the Trustee
may declare the arrangements under which the assets are held by
means of a Declaration of Trust.
The Settlor may make his views relating to the maintenance and
distribution of the
assets known to the Trustees by way of a Letter of Wishes.
Weighbridge Trust Limited can establish trusts and settlements
in various forms in
consultation with the client's tax or legal advisors and can
assist in obtaining appropriate professional advice for those
clients who do not have their own advisors.
We also undertake the administration of existing trusts and
settlements including:
- Custody and supervision of trust assets
- Book keeping and accounting
- Monitoring investment performance
- Day to day administration
- Preparation of valuations and other reports
- Ongoing liaison with the client and his or her advisors