Trusts
Control of an outright gift is lost once it has been given away. This could be a problem if a beneficiary of the gift is not yet an adult, or is to divorce, die, be made bankrupt or need means tested benefits.
One solution to this problem is to create a Trust, either during your lifetime or in your Will, for the chosen beneficiaries.
You then transfer the assets you wish to be given away (the ‘trust fund’) to the trustees, who hold it on behalf of the people who are to benefit from it – the beneficiaries – in accordance with the trust document. Whether a trust is set up during your lifetime or in your Will, it’ll be in writing, and so this guide uses the term ‘trust document’ throughout.
Our team of experts can help you with all aspects of trusts.
Click here for our Trusts Guide.
For more information contact a member of the team via the Enquiry form or call 01633 413500.
Meet the Team
Sioned Thomas
Director
Email: Click Here
Testimonials:
Sioned has been listed as a Leading Individual in the Legal 500 for the past 5 years and ranked in the Chambers & Partners multiple times for her Agriculture work.
"Sioned Thomas is a credit to the firm in her calm and highly skilled approach." Legal 500 2024
"Very proactive" Legal 500 2022
"Sioned Thomas has always been very easy to approach and has shown us a great deal of patience" Legal 500 2021 client testimonial
"thorough and approachable" Legal 500 2021
"very detailed, meticulous and knowledgeable." Chambers & Partners
"professional, very approachable and efficient." Chambers & Partners
“provides a highly personal service and always strives to understand the detailed background to all the issues” Legal 500
“provides a first-class service when dealing with rural matters” Legal 500"
Sioned Thomas
Director
Sioned is head of RDP’s Private Client and Agricultural Teams.
Private Client:
Sioned deals with succession planning for high net worth clients including advising on wills and setting up of and administering trusts.
She deals with complex estate administration with particular focus on the agricultural sector.
She also deals with Lasting powers of attorney and deputyship applications.
Charities:
Sioned is well-versed in setting up new charities, and advising existing charities on matters such as sale and purchase of land and legacy management.
Agriculture:
Sioned deals with acquisition, sales and refinancing of farms and farmland, farm business tenancies and partnership agreements and because of her experience in private client, is able to take a holistic approach to farm succession planning and the impact of changes to the future of the farming business.
Sioned is STEP qualified and a fluent Welsh speaker.
- Dealing with an application for succession tenancy under the Agricultural Holdings Act 1986
- Purchase of 200-acre land holding in South wales with complex access and easement provisions
- Acting in the administration of an estate of clients with various land holdings and business assets with successful agricultural relief claim
- Sale of various barns forming part of a large farm holding for development
- Sale of 100-acre farm with listed farmhouse and buildings
- Succession planning for farming family who had diversified to include partnership agreements, farm business tenancies, shareholders agreements, wills, lasting powers of attorney and sale of property
Articles here
Katie Love
Associate Lawyer
Email: Click Here
Testimonials:
"Katie was exceptional from the beginning to the end of the process. Friendly, flexible, knowledgeable and reassuring. Will use RDP for future needs."
"Professional, excellent service. More than happy with the services provided. Would highly recommend to others."
"Absolutely amazing service - cannot recommend highly enough."
"Excellent service, very professional"
"Prompt and friendly service"
"Very approachable, clear detailed explanations and efficient"
Katie Love
Associate Lawyer
Katie (FCILEx) is a Lawyer and an Associate in the firm’s WIQS accredited private client team.
She is an Affiliate of the Society of Trust and Estates Practitioners (‘STEP’) and sits on the committee for the STEP Wales branch. Katie is also a member of The Association of Lifetime Lawyers.
Katie acts for individuals on a range of matters and also acts for charities in relation to legacy management. Shas strong links with other professionals, accountants and independent financial advisors throughout South Wales. She practices in all areas of private client including Court of Protection matters but with a focus on three core areas:
Estate planning
Katie acts for individuals in relation to all aspects of estate planning to include Wills, Lasting Powers of Attorneys and later life planning. She also advises in relation to ongoing attorney management.
Estate administration
Katie has a breadth of experience in estate administration with an emphasis on intestacies and complex estates. She deals with both excepted and high-value estates and has experience handling estates consisting of Agricultural and Business assets.
Trust implementation and management
Katie advises individuals in relation to various trusts with a focus on inheritance tax planning and management. She also advises and acts for trustees.
