Costs will obviously vary; however, the average cost of forming a standard trust is around £1,000. Annual administration costs may vary considerably as these may be charged as a percentage of the value of assets or on a "time-spent" basis, with perhaps a minimum charge of around £1,000 per year.
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.
For further information contact Jonathan G. Hooley on Tel (indirect line): + 44 (0) 1481 721000, Tel (direct line): +44 (0) 1481 719544, Fax: +44 (0) 1481 722373.