Trust
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“Simcocks' non-contentious trust guru Phil Games leads a growing private client team which is very pragmatic and seeks to resolve what might be perceived as problems in a quick and efficient manner. The firm is pushing hard in this practice area and has recruited well. Amy Coole is recommended for her expertise in trust law.”
2007 Legal 500
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“Kevin O'Loughlin is clinical in his attention to detail and never leaves you waiting for a response.”
2010 Chambers and Partners
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“Simcocks Advocates is strong in acting for trust players.”
2009 Legal 500
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The Isle of Man is a common law jurisdiction and normally enacts its trust legislation in line with English trust law, although it incorporates certain advantageous variations; for example, there is no restriction on the accumulation of income during the trust period. As Manx trust law is so well established, the Isle of Man is frequently used for setting up trusts for estate and tax planning and offers many advantages to those seeking to create an optimally constituted trust.
Simcocks are highly experienced in the preparation, drafting and establishing of trusts, as well as advising trustees, beneficiaries and settlors. Ongoing trust administration is provided by Simcocks Trust Limited.
Related Literature
- Isle Of Man Trust Law
- Settlor Relieved of Consequences of Mistake
- Inter Pleader proceedings in the Isle of Man
- High Court Rules on Appointment of Trustees
- Manx High Court Applies Hastings Bass Principle
- Inter Pleader Proceedings and Constructive Trustee
Specialists in this field
