The guidance from HMRC confirms that each person can make as many ‘small gifts’ at Christmas as they like. HMRC defines small gifts as those where the value is £250 or less per person.
If you're responsible for administering you or your loved one’s trust, we can guide you through this long and difficult process to ensure your duties are carried out correctly.
Administering a trust successfully is a serious, time-consuming responsibility. Depending on what kind of trust you're managing, you may be responsible for preparing trust accounts and ensuring full legal and tax compliance, among other tasks. Failing to fulfil these duties to the standard required can lead to claims from other beneficiaries, or leave you personally liable.
To help you administer trusts with absolute confidence, our expert trust solicitors are specialists in this area of law, and can help manage these vitally important tasks on your behalf, such as income tax reporting and trustee administration, providing important advice on your legal powers and responsibilities as a trustee at the same time.
Through decades of expertise as the local authority on administering trusts, Giles Wilson provide total peace of mind no matter what kind of arrangement is in place, from bare trusts and life interest trusts, to discretionary trusts and mixed trusts.
By working closely with you to simplify this intricate procedure, we help take the stress off your shoulders, and achieve a smooth and successful outcome – merits that make us the trust solicitors to count on whatever your circumstance.
Experts in Administering Trusts
Our team of specialist solicitors in Essex have a wealth of experience administering trusts of all types. Whatever your circumstance, trust us to help you resolve it.
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A divorce is difficult for a family to navigate through, but it can be especially hard when there is a child that has been diagnosed with a neurodivergent condition.
It is human nature to think “it will never happen to me”, but it is a sad fact of life that an increasing number of us may, at some point, have a loved one that may go into a residential care home or require care and support in their own home. This may be due to illness, old age or perhaps as the result of personal injury or an accident, and it often happens at the most inconvenient of times.
Awards & Recognitions
The expertise of our solicitors is regularly recognised by some of the profession’s most distinguished organisations. As well as being a member of a number of Law Society schemes, we have won awards at the Law Society Excellence Awards, the Halsbury Legal Awards and the Modern Law Awards.
We have also received recognition in the form of the Lexcel mark of quality, a Legal 500 listing and a place on the shortlist of The Lawyer’s Boutique Firm of the Year.
Our accolades
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If you have a legal issue you are worrying about, it’s important to remember you are not alone.
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- Leading law firm with more than 30 years’ experience
- Trusted authority in client and commercial matters
- Proven track record of providing award-winning service