phone    020 8974 7490   

Kingston Upon Thames and Central London, Waterloo

 

Trusts

Contact us for a Consultation or phone us on 020 8974 7490

Lifetime trusts are a useful way of reducing the Inheritance Tax payable on your death.  Although the Finance Act 2006 made trusts less tax efficient by levying on-going tax charges, these can be avoided by limiting trust assets to the nil rate band (£325,00).  Therefore, provided you survive 7 years from setting up the trust, the trust funds will fall outside of your estate for Inheritance Tax purposes.

Why use a trust?

  • Wealthy higher rate tax payers may save tax by transferring assets into a trust by eliminating income tax liability as it is no longer their income; eliminating Capital Gains Tax liability if an asset is to go up in value, as they no longer own it; eliminating inheritance tax as the asset will no longer form part of their estate subject to the type of trust and trust taxation rules.
  • Assisting persons with an incapacity – a disabled persons trust can be used to assist those who are unable to deal with their own financial affairs, without effecting their entitlement to means tested benefits.
  • Holding funds for minor children – a Bare Trust can be set up to hold assets gifted to minor children who are unable to hold the property themselves.
  • Family Provision Trusts are a useful means to provide future security for the family and future generations.  Assets can be protected from “spendthrifts” by the establishing of a Protective Trust.

Why use Rose & Rose Solicitors?

Trust Law can be extremely complex and it can be difficult to know what type of trust will be suitable for your requirements along with the tax consequences.  We can advise on the options available to you. We can draft comprehensive trust documents to ensure that your Trustees have all the powers that they need to administer your trust. We can also act as trustees or assist in the administration of the trust on behalf of the trustees.

 

Sally-Ann Joseph is a full accredited member of Solicitors for the Elderly.

We can provide you with a fixed fee for this service so you will know exactly what costs you will need to pay.

For further information please contact Sally-Ann Joseph or Diana Csok on 020 3733 0663


Testimonials
Hello Sally-Ann

I wanted to say how impressed and pleased I was that when I called your office about 10 days ago and left a message to request further certified copies I was called back by a very helpful male member of your staff, Ashraf Islam, who advised me they would be posted.  True to his word they arrived the very next morning which I thought was excellent service as my conversation had taken place late the previous afternoon!

I feel it is important to acknowledge such good service as often staff receive mostly negative feedback, so I look to redress the balance.

If ever I am asked about solicitors I always recommend you.

Caroline Hutchins

"I've been very impressed by Rose & Rose who are extremely professional, approachable and helpful. They answered numerous questions from us and has been more than willing to work around the practical restrictions of our baby. Rose and Rose provide an excellent service at a reasonable cost and I have no hesitation in recommending them."

F Housden

" we asked Rose & Rose to help us prepare our wills. Our solicitor was warm,friendly, informative and very efficient. The process was explained and suggestions were given that helped us make some difficult decisions. it is on odd process writing one's will but Rose & Rose made it very straightforward and comfortable. I wouldn't hesitate recommending Rose & Rose and would happily approach them in the event of needing a solicitor in the future."

C Bacon

"I just want to say thank you for the efficient and pleasant way you have organised these powers for us" 

"Thank you. Brilliant. And can I just say that you have been fantastic. The wording of the side letter clearly demonstrated that you had listened to her and we were very impressed by the succinct way you expressed her wishes. Thank you very much for all your help"

We contacted Rose & Rose for help in compiling our Wills and were lucky enough to be introduced to Rose & Rose who gave us the clear, concise information we need in order for us to reach a comfortable resolution as to how we wanted our Wills to read.  We have no hesitation in recommending the services of Rose & Rose Solicitors. 

Ros Worrall & Linda Nandlall.

  • We engaged Rose and Rose to recover a bad debt. Their service was excellent and we recovered the full amount plus costs with minimal effort. I have no hesitation in recommending their services and we will certainly use them in the future.
  • Trustworthy and efficient service from this team of friendly and professional solicitors. I would recommend Rose and Rose.
  • Rose and Rose Kingston provided extensive support to me whilst selling my property. We had a number of challenges to overcome but at no point did I feel I did not know what was happening in the process. They are extremely helpful, supportive and explained everything to me in simple terms. In future I will only recommend and use Rose and Rose.
  • We have recommended the services of Rose and Rose many times to either our clients selling properties or their buyers. Every time we have a transaction where they are involved it gives us great reassurance that the deal will be done efficiently, that updates are always available and that the parties involved have a clear understanding of the transaction. Those that we have referred to Rose and Rose have always been extremely happy with the service and have achieved the right end result.
  • Rose and Rose are now officially my favourite and most helpful solicitor.
  • Rose and Rose were exceptional to deal with. Instructed by a buyer of ours they were nothing but helpful and pleasant throughout the transaction, always at the end of the telephone if needed, and as a result of their obvious expertise the sale went through effortlessly. I can highly recommend them.
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  • Rose and Rose provided an excellent service when it came to selling our property and buying another. We were able to contact them when needed and we found them approachable and efficient. We would have no hesitation in recommending this solicitor.
  • I have no hesitation in recommending Rose and Rose who acted for me in the sale and purchase of my home.
  • Rose and Rose are the best solicitors that I have dealt with, and the only one I will be dealing with from now on. The professional approach and service they offer is second to none. Their ability to always keep you informed with what is going on has been extremely helpful and given me peace of mind.
  • Rose and Rose recently handled the conveyancing for the sale of our property and we were extremely impressed with the level of service we received. The overall process was quick and efficient. Although these matters can be extremely stressful the staff involved were friendly, thoughtful and approachable yet totally professional throughout. This in effect enabled the sale to proceed relatively smoothly. I would therefore not hesitate to employ the services of Rose and Rose in the future. Robert P
  • Rose and Rose have helped me with conveyancing but also with my divorce and not only have they done a good job, they have ensured my costs have been contained as much as possible. They offer an exceptionally good service and explain the law in plain English, they are very friendly and easy to deal with.
  • Great, helpful advice and support from people who understand what you want and deliver in a straightforward manner in plain English. I highly recommend Rose and Rose Solicitors in Kingston.
  • I have used Rose and Rose Solicitors on a number of occasions and have always found them to be extremely friendly and helpful. They always provide excellent advice and do so in a cost effective manner whilst maintaining an extremely personal service and they really seem to care about you. I would have no problem in recommending their services to any of my friends, family and clients.
  • Rose & Rose Solicitors have a surprisingly refreshing approach to the Law. Whilst obviously highly committed and professional they are relaxed, friendly and approachable making all your dealings with them, in often very difficult circumstances, as stress free as possible. Highly recommend. Rose & Rose is a well rounded solicitors' firm, they have managed to help us through our business legal requirements with their fast, reliable and cost effective service. They have met our demand and need every time. Rose & Rose in Kingston successfully assisted my girlfriend's business in clawing back a large chunk of bad debt that a company were refusing to pay. I was so impressed with the simplicity and ease in which they dealt with the situation that I will use Rose & Rose Solicitors to represent all my own company's legal requirements including employment contracts, conveyancing, dispute resolution, etc. Rose and Rose provide their considerable expertise in a relaxed, friendly and unstuffy way. They have assisted my company and my clients and I would not hesitate to recommend them.
  • We have been involved in a number of sales where Rose and Rose have represented either the buyer or seller and on every occasion they have been a pleasure to deal with. The team make themselves very available and always respond to messages and emails quickly and always seem to be in command of a situation. This is so important to us as we need to keep our customers up to speed at all times. We aspire to delivering excellent service to our customers and they certainly help a great deal in this respect. Our customers who have used Rose and Rose have all been complimentary about the service they have received and how easy everyone there is to deal with.