Trusts
7. Fees and Charges
Authors: Staff Legal Eagle
Firm / Chambers:
Last updated: 23 Sep 2015
- The costs of setting up a trust deed will vary significantly depending on the complexity of the trust and the worth of its assets.
- Stamp duty must be paid on trust deeds and if you intend to set up a corporate trustee then the costs of purchasing a shelf company should also be considered.
- Annual costs such as the service of an accountant and lawyer to assist in the ongoing management of the trust and providing advice to the trustees when they need it are also costs that need to be factored in.
- It is often a good idea to seek advice from a financial advisor as well as a lawyer to ensure you get all the information you need.
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