LONG TERM TRUST: THE REASSURANCE OF CONSISTENCY

Estate planning is very much a case of trying to impose certainty on the unknown.

None of us are able to predict what will happen to our families and our assets when we die.

One could argue that process may become even more difficult in the coming months and years.

In May, the Law Commission – the body tasked with making recommendations about whether existing statute should remain in place or be reformed – made a series of 31 suggestions designed to bring will-making into the 21st-century (https://lawcom.gov.uk/project/wills/).

The prevailing legislation – the Wills Act 1837 – became law just days after a teenage Queen Victoria took the throne (https://www.legislation.gov.uk/ukpga/Will4and1Vict/7/26/contents).

Given how personal circumstances can change – and may change even more – it’s even more important to try and impose some order.

The same is true for the firms advising men and women who choose to undertake estate management.

Clients who entrust their arrangements to legal practices understandably have an eye on the future.

They don’t want all that effort to perhaps be placed in jeopardy as a result of their lawyers changing jobs, retiring or even passing away themselves.

That is precisely why Private Client Solicitors decided to take a significant step to safeguard the long-term interests of our clients.

We have established something known as a trust corporation to provide a continuity of support for individuals whose financial affairs we manage.

In doing so, we are one of only a handful of firms in the North West region to have a trust corporation – an organisation in which our Managing Partner and founder, Tasnim Khalid, together with fellow PCS partners, Nicola Walker and Paul Gotch, are all directors.

All of us are not only senior lawyers but are qualified with the Society of Trust and Estate Practitioners (STEP) and regularly feature in the UK’s top legal rankings.

The idea of the trust corporation has already been warmly welcomed by those clients to whom we have explained it.

They understand that it is another demonstration of our determination to give them the highest quality support across any issues which they may encounter, both now and well into the future.

ENDS