What is a Trust Corporation?

What even is a “Trust Corporation?”

A lot of people assume that only solicitors can administer to estates. That is not entirely true. Trust corporations are legally capable of running deceased persons’ estates, acting as trustees and overseeing trust businesses. They can also act as professional attorneys.

But what is a trust corporation?

It is a limited company, with shareholders like most normal companies, with a protected share value of £250,000. This means it keeps safe capital. It is empowered by its articles of association to undertake the types of work mentioned above: probate, estates and trusts. They do not need to employ solicitors in order to work effectively.

The SWW Trust Corporation is an excellent example. Our estate managers are all legally qualified professionals with years of experience in Wills, probate and estate administration. They do not charge per letter like solicitors, nor for the time they take speaking to you personally over the telephone.

What are the advantages of a trust corporation?

  • They are inexpensive. Capital costs are relatively low, so they do not need to charge excessive rates.
  • The same legal experience and professionalism you could expect from a law firm.
  • Most solicitors may “dabble” in probate and estate administration as a side-line, not with a great level of expertise. For trust corporations, it is a daily routine with which they are entirely familiar.
  • Friendly and approachable.
  • We make decisions and act in an entirely impartial manner, ensuring that estate is dealt with fairly.

So, if you are trying to find a law firm to help you administer to an estate or obtain probate, or want to include a professional executor in your own Will, you would find it easier, cheaper and more effective not to instruct a solicitor, but instead to talk to us at SWW Trust Corporation. We would be happy to talk to you about how we work and what we can do to help you.

 

Why not give us a call on 01522 581570

 

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