Proprietary Advice for Professional Trustees
As well as advice specifically in relation to their trusts, we advise professional trustees on their proprietary work. This covers corporate and commercial advice and banking advice and also matters arising out of their status as trustees, including:
- Drafting proprietary standard form trust documentation
- Fiduciary risk management advice
Trust business is a potentially high risk if run without proper checks and safeguards. To minimise risk it is very important to ensure that office systems are monitored, and procedures regularly reviewed so that those dealing with day to day trust management are given proper direction and those who manage them can be comfortable with what they are doing.
LG has significant experience in the administration and management of trusts and over a number of years has taken a lead in providing fiduciary risk management reviews to trust and company providers. A review will examine systems and procedures (both in the creation of trusts and in their ongoing management) with a view to identifying ways in which fiduciary risk may be minimised.
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Anthony Thompson
+44 20 7759 6543
Andrew Young
London office:
+44 20 7759 6510
Dubai office:
T/ +97 143 292 420
M/ +97 1508 735 810
Nick Jacob
+44 20 7759 6409