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Creating a trust

Rasprava u 'Everything Else Heritage' pokrenuta od decauville1126, 18. Prosinac 2025. u 20:31.

  1. decauville1126

    decauville1126 New Member

    Pridružen(a):
    8. Listopad 2012.
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    56
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    16
    Heritage Railway Volunteer:
    Yes I am an active volunteer
    I'm toying with the idea of putting various heritage transport items into a trust. If anyone can point me in the direction of any solicitors that have specialist experience in this field then a pm would be appreciated.
    Thanks.
     
    decauville1126, 18. Prosinac 2025. u 20:31
    #1
  2. 21B

    21B Part of the furniture

    Pridružen(a):
    2. Rujan 2009.
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    Wouldn’t it be easier to donate them to one or more suitable existing trusts?
     
    21B, 18. Prosinac 2025. u 22:37
    #2
  3. William Fletcher

    William Fletcher Member

    Pridružen(a):
    25. Studeni 2016.
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    297
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    Spol:
    Muškarac
    Grad:
    Lincoln
    Heritage Railway Volunteer:
    Yes I am an active volunteer
    Not if you have specific requirements for the itmes in the Trust. I have set one up for various items in my care but I'd prefer not to go into details here. It didn't cost much ansd was very straightforward.

    Google suggests: You can start a trust online for free using template sites like LawDepot, eForms, or FreeWill, but these often have limitations and are best for simple situations; for complex needs or tax efficiency (like in the UK), you might use online processes linked to insurance/financial products (Royal London) or need to register with HMRC, with many experts recommending a solicitor for accuracy to avoid costly errors and ensure legal validity, especially for UK trusts.
     
    William Fletcher, 19. Prosinac 2025. u 10:24
    #3
  4. Bikermike

    Bikermike Well-Known Member

    Pridružen(a):
    11. Ožujak 2020.
    Poruka:
    2,046
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    2,305
    Spol:
    Muškarac
    Grad:
    Thameslink territory
    Heritage Railway Volunteer:
    No I do not currently volunteer
    Do not do this yourself. Trusts are very fiddly things.
    In terms of law firms private client and inheritance specialists are likely to be the way to go.
     
    Bikermike, 19. Prosinac 2025. u 10:59
    #4

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