Almost every existing or newly created UK trust will now need to be registered using the government’s Trust Registration service.
The obligation to register these trusts falls to the trustees. The exact information required to register the Trust will depend on the type of Trust.
Trusts that do not need to be registered
Not all Trusts will need to be registered as there are some exemptions, a few examples of this include:
- Will trusts which are created by a person’s will and come into effect on their death providing they only hold the estate assets for up to 2 years after the person’s death.
- Trusts for bereaved children under 18 or adults aged 18 to 25 set up under the will (or intestacy) of a deceased parent.
Trustees have until the 10th March 2022 to register existing trusts.
We understand the changes may be confusing, here at Newnham & Jordan we can provide advice and support to help you fulfill your obligations as an existing or new trustees.
For more information contact Newnham & Jordan Solicitors today on 01202 877 400 to enquire about our Probate services.
- We offer confidential appointments in person or by Zoom.
- You are also welcome to email us at: privateclient@Newnham-Jordan.co.uk.
This article is intended for general information purposes only and shall not be deemed to be or constitute legal advice. Newnham & Jordan Solicitors, cannot accept responsibility for any loss as a result of acts or omissions taken in respect of this article.