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Support and advice on all aspects of setting up, investing funds on behalf of, and managing a trust

What does it mean to be a Trustee?
Trusts Overview

Trusts are used for a wide range of financial planning reasons – from providing long-term financial security for your children and grandchildren, to protecting family assets, making investments and managing tax liabilities.

However you want to use a trust, the basic principles are the same. The trust is a legal entity where one or more people or a company (the trustees) control money or assets which they must use for the benefit of one or more people (the beneficiaries).

We will work with you to provide a trust service that includes tax advice, investing funds, broader trust administration and advisery support (such as dealing with HMRC on your behalf).

At Old Mill we:

  • Can ensure that your trust is set up properly and registered correctly with HMRC
  • Recognise that investing monies in the capacity of a trustee is quite different to investing your own money
  • Manage trustee investments in line with the Trustee Managed Portfolio Indices (TMPI), which allows us to communicate risks and returns in tune with an independent benchmark
  • Make sure the trust’s investments are being managed to best meet the needs of beneficiaries
  • Assist trustees in discharging their legal obligations to the trust, including compiling the annual trust accounts and completing the trust tax return as appropriate.

We are one of the few firms in the South West to offer a corporate trustee service. Being a trustee can be a time-consuming and complicated task, and there are a range of responsibilities which all trustees need to meet under the Trustee Act 2000. By appointing Old Mill as a trustee or co-trustee, you will have complete peace of mind along with the expert support and involvement of Society of Trust and Estate Practitioners (STEP) qualified members of our team.

So whatever your reason for setting up a trust, we can make the process as simple and straightforward as possible, working with you to make sure that the trust delivers the intended benefits.

To chat to us about your plans, get in touch with us or make an appointment with one of our financial planners at one of our offices in Exeter, Wells, Chippenham and Yeovil.

Old Mill has charm, integrity, professionalism and great service.

J. T. Harrison
Old Mill's personal approach and the willingness to explain details in lay terms has been invaluable.

M. E. Mellor
"I enjoy Old Mill's helpfulness, honesty and integrity."

R. Sheard
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