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Trusts can be created either on death in a Will or during life in a Trust Deed, and are normally used to provide a benefit to beneficiaries while retaining some control over the assets concerned.
This might be appropriate in a number of circumstances. For example, if beneficiaries are very young it might be wise for the funds to be held until they reach a certain age. Beneficiaries might be disabled and receiving benefits which would be lost if assets were passed to them outright. On a second marriage it might be wished to make some provision for a spouse but retain the ultimate ownership for the children at the end of the day. It might be wished to provide protection for assets against divorce or insolvency.
In all of these circumstances Trusts can be useful. It is very important to get specialist advice as there are many complex tax and other consequences of setting up a trust.
At ELP Arbuthnott McClanachan we can discuss with you the merits and disadvantages of creating Trusts and explain both the tax and practical consequences.
If you would like to discuss matters initially we would be delighted to hear from you. Our Barbara Watson is a very experienced solicitor advising clients on wills, powers of attorney, trusts and executries. Barbara is also a member of the Society of Trust and Estates Practitioners (STEP).
We found the service from ELP to be excellent and very efficient. From the first interview to talk thorough what we needed in the will to the actual signing was only 10 days. The whole process was explained clearly and we were encouraged to confront the very difficult and emotive issues that are involved in drawing up a will to ensure that all eventualities were covered and our wishes respected.
This was our first time buying a property, and we were extremely nervous, but Lisbeth-Ann and the team held our hands and stepped us through each stage of the process; from advising how much to offer, to helping with a mortgage problem, to ensuring the smooth exchange of contracts and keys. We always felt like we were welcome to call at any time, and when Lisbeth-Ann took a short holiday part way through the process, her colleague Barbara picked our case up seamlessly and with no hassle. We would certainly recommend ELP’s services to anyone thinking of buying a property for the first time, and will happily use them again in the future.
I recently used E.L.P. when I sold a bungalow and purchased a flat. I was very impressed with the level of service and would have no hesitation in commending the company to future clients. Communications were efficient at all times and matters responded to very quickly. The financial transactions were all done within an hour of the completion time and my bank account credited.
It was a pleasure to do business with E.L.P.
I just wanted to thank you for your professional service you provided me during what is a very difficult time for me. Your experience, diligence and knowledge have resulted in a larger settlement of which I am very grateful . I also appreciated your patience and understanding of my situation. I would have no hesitation in recommending your services to others.
Bob, just a small card to say a huge THANK YOU for all your help over the past few months. It’s an over-used cliché, but we really couldn’t have done it without you!
We are a firm of Consulting Engineers with 30 staff. Over the years we have used the services of Duncan McFadzean of ELP on a number of occasions. As well as advising us on updating our Conditions of Employment to keep us up to date with the ever changing legislation we have also used his services in connection with redundancy and disciplinary matters. The advice we have been given has always been excellent. It is a great comfort to us to have this level of professional support readily available at the end of the phone.
We are a small Edinburgh based Holiday accommodation letting and management agency. When we recently realized that we needed to formalize employment contracts for our staff. We asked advice from colleagues friends and family and ELP were recommended to us . We have found them to be very helpful and friendly and would gladly recommend them to any one requiring help and advice regarding employment law.
I’ve turned to ELP for advice and support on a range of legal matters and have found them to be friendly, fast and efficient. A lot of people are intimidated by solicitors but ELP go out of their way to make legal support easy and accessible.
We are a medium sized law firm which does not have a department specialising in employment law matters. We have used ELP in relation to any employment law input we require as a firm. We have also referred a number of our clients to ELP for advice on such matters as we value the expert knowledge and quality service that Duncan McFadzean and his team provide. It is of paramount importance to us that both our own and our clients’ affairs are dealt with in a confidential and sensitive manner, and we know that we can rely on ELP for this. We would not hesitate to recommend ELP to either employers or employees who need advice in the employment law field.
ELP expertly guided us through the maze of disciplinary, grievance and procedural issues of employment law, so that we felt fully prepared with realistic expectations of the outcome. We would highly recommend the services of ELP.
The combination of services offered was ideal when we established our new office in Scotland. ELP provided us with concise employment contracts and excellent support during the lease negotiation for our office. Professionalism combined with a transparent service and price model – a brilliant solution for us.
Dear Bob, just a little note to say a big “thank you” for all your hard work on what has been a very tricky purchase. I have really appreciated the regular communication and responsiveness.
Tiphereth is a medium sized Edinburgh charity, operating in the voluntary sector, offering care and work opportunities to adults with learning disabilities. We use ELP for legal advice and support in human resource issues, and for assistance in drafting letters, policies and contracts. The arrangement makes sense for us financially and is good value for money. ELP have been consistently helpful to our organisation over several years, offering clear legal advice on a wide spectrum of issues, and often doing so at very short notice.
I am a disabled person, and was dismissed from my work. It was claimed that I did not perform the work to the required speed, and I felt that this was disability discrimination. I asked ELP to represent me in the Employment Tribunal process. I was correctly and informatively advised by ELP, and achieved the best option in resolution.
Many thanks for all your help in finalising John’s affairs, we would have been lost without you. Again many thanks.
We used ELP for both buying and selling based on personal recommendation. They are up to date with the current state of the market and gave us good advice on what to offer so we were very happy with what we paid for our new flat. When it came to selling the photographers they used for the Home Report were excellent and very painstaking. The schedule they produced was upbeat and attractive. ELP staff gave us regular feedback on the progress of the sale and were always contactable. They offered a highly professional service while at the same time they were friendly and treated us as individuals. A very personal service.
A highly efficient service from the team at ELP. Took the stress out of buying our property.
I use ELP to manage conveyancing on investment properties and some of these purchases can be complex and tedious and take time to resolve. Throughout this process the staff are approachable and friendly and the service is always efficient and effective. I continue to recommend ELP to family and friends.
Bob, thank you for guiding us through what turned out to be a relatively stress-free experience – much credit goes to you & your team.
We are a two partner law firm who do not specialise in Employment law. We have referred a number of our clients to Duncan McFadzean at ELP and those clients have always expressed their satisfaction at the work which ELP have done for them. We have also used ELP for any advice and guidance which we ourselves have required as a firm and have always found that advice to be accurate and tailored to our particular needs. ELP’s advice can be timely, cost effective and pragmatic. We have no hesitation in recommending them.
We have used ELP Solicitors everytime we have bought and sold property (three times now!). From the very early stages of initial meetings and photographs right through to completion we always felt that they were handling our affairs with care and attention. Lisbeth-Ann was great at making all aspects of the Conveyancing process clear and easy for us to understand. They were quick to answer any questions or concerns we had and we felt that they always had our interests at heart. We would highly recommend them for their professional service and friendly approachable manner.
We are a firm of Chartered Surveyors operating in Edinburgh and the surrounding areas and on two occasions during the course of the last year required help in relation to Employment Legislation.
In the first instance, we were looking to employ a Chartered Surveyor from a company which had gone into voluntary liquidation and sought advice from ELP prior to proceeding due to concerns in relation to matters such as restrictive covenants. That advice was well explained on a sound basis, delivered timeously and enabled us to proceed with the employment of that person.
Following his employment we took the opportunity of reviewing our Contracts of Employment and to that end, ELP provided an excellent service in that regard. In what appears to be a constantly changing working environment, ELP provided us in the first instance with a standard Contract of Employment which we jointly reviewed taking into account the nature of our business and business practices and produced a document to the satisfaction of both employer and employees. The service provided by ELP was first class in terms of efficiency, consideration of options and attention to detail.
We propose to continue our relationship with ELP in the years to come in relation to employment issues as it has become quite clear that such services from a competent organisation are invaluable in the present working environment.
I was more than happy with the advice and representation which I received from ELP in relation to an employment tribunal dispute with my employers. From start to finish, ELP kept me up to date with any developments regarding my case during what was a stressful 6 months out of work. They also achieved a good result for me in advance of the Tribunal hearing. I would definitely recommend the firm to anyone in similar circumstances.
I own a cleaning business in Edinburgh and use ELP for advice on matters such as staff contracts, client contracts, and any dispute situations. I am very impressed by the advice which I receive. They are always able to help me with large and small pieces of work, and the approach they take is clear and aimed at achieving quick solutions. My first language is Polish, so while I am also fluent in English I appreciate the fact that ELP will always make arrangements to meet with me to talk matters through face to face when required. I would definitely recommend ELP to business owners and individuals who need legal advice.
Late in life I found myself out of work and needing to negotiate hard with my former employers to get my rightful desserts. Duncan and the ELP team guided me every step of the way and worked hard on my behalf to a happy and successful conclusion.
Barbara has been absolutely fantastic in drawing up our wills. She was the perfect combination of understanding our requirements alongside challenging our thinking to ensure we now have much more robust plans in place for our estate. It has given us both peace of mind knowing things are in order and I wouldn’t hesitate to recommend her services and that of ELP.
Bob, a huge thank you for all your help and advice through my house buying journey! You made it much easier than I had feared and I am extremely grateful.
I would like to express my gratitude towards you for the professional, courteous, efficient, and helpful manner in which you conducted yourself within the business of dealing with myself and the sale of my property. You are a credit to yourself and the people that you represent.
To Catherine and her staff, a big thank you from us both for all your help and advice and very efficient, caring, prompt attention!
It is always an absolute pleasure dealing with Lisbeth-Ann. She is always friendly and attentive whilst being professional and thorough. I would not hesitate to recommend her.
We deal with digital distribution of music. We wanted to use a law firm who were good at what they do but who also had a modern and friendly approach that would suit our kind of business. We have used ELP to frame our employment contracts and employment policies, which are well drafted and tailored to suit and protect our business. We are also able to call them when anything legal comes up in the business that we need some guidance on, whether it be staffing issues or anything else. This is probably the best part of the service we receive – ELP are always happy to help, and we can speak to them as business advisers as well as employment lawyers. We would definitely recommend ELP to any business needing employment law or just general advice.
We used ELP in 2004 to manage the purchase of our first property. More than a decade later, we were happy to use ELP Arbuthnott McClanachan again. Laura and her team provide a thoughtful, personal service that made managing the trickier parts of the conveyancing process much less stressful than they would have been otherwise. We have recommended ELP Arbuthnott McClanachan to several friends and colleagues who have been buying and selling property in Edinburgh and would not hesitate to do so again.
I cannot thank ELP Arbuthnott McClanachan’s dedicated solicitors enough for the advice, support and speedy resolution they secured for me when I was informed of my impending redundancy. At that difficult time, their advice gave me strength, their expertise gave me belief and their professionalism secured a satisfactory outcome for me and my family.
We have been using the services of ELP, especially their employment law advice service for employers, for more than 3 years. The reason we chose ELP is previous firms of lawyers we used were very aloof and did not offer practical guidance. We have a great relationship with them and trust Duncan’s advice implicitly. The reason for this is he knows our business and understands our style of management. This is invaluable when you are dealing with staff issues. The advice given is straight forward and to the point. ELP have also helped us develop our staff handbook and other procedures that are relevant to our company over the years.
Catherine, thanks for making everything so easy and stress free! Thank you!
My wife and I used ELP to update our wills which was done in a highly efficient, friendly and prompt manner. I would recommend highly ELP to anyone wanting to do the same thing.
Legal advice in Scotland at its best!
I cannot praise ELP highly enough for the excellent advice and service that they have given to me over the last three years. I arrived with a complex legal problem. With patience, good humour and fantastic attention to legal detail, Barbara Watson unravelled this complex set of facts, keeping me informed of progress every step of the way, and arrived at a solution that kept everyone happy. And all of this at a very reasonable fee.
I highly recommend this firm – I will certainly be using them for all of my legal needs in Scotland.
We provide an expert employment law service for one-off matters or ongoing support.
Employment Law, Dispute Resolution & Debt Recovery, Commercial Leases, and Business Purchases.