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Professional Trustee Services

With over 110 years of experience, our Professional Trustee Services can alleviate the stress and burden of dealing with trust administration. Our experts work closely with all concerned to ensure your trust meets the objectives and needs of the beneficiaries.
Eligibility for our Professional Trustee Services is subject to a minimum investment of £100,000. Fees and charges apply.
Why appoint a professional trustee?

Our approach:

  • You can appoint us, Green Hill Trust Bank plc, to act as a trustee in your lifetime or under the terms of your will.
  • We manage different types of trusts under the required UK legislation subject to your domicile.
  • Some trusts may require financial planning and advice before proceeding. We will guide you on the next steps depending on your circumstances.
How can Green Hill Trust Bank plc help?
  • If you have inherited funds in the past 2 years, you could retain access but save inheritance tax for you and your family.
  • If you are an existing trustee looking to retire from your responsibilities.
  • If you would like to minimise inheritance tax by making gifts but want your loved ones to benefit later.
  • If you seek to provide for additional financial protection and security, education, property in your lifetime or extra protection within your Will.
Services

Types of Trusts we can offer

There are many types of trusts to choose from. Selecting the right one starts with your unique financial situation and goals for the future.

Some trusts can be modified after they’re created, while others can’t. It’s important to consult with your attorney and wealth professional to determine your intent, so together they can ensure that the appropriate provisions are built into your plan.

Discretionary Lifetime

Discretionary Lifetime Trusts offer great flexibility and control for a trustee, with opportunities to potentially save on tax. During your lifetime you retain an element of control, guiding your trustee when there’s an opportunity to help someone who you want to benefit from your wealth. This type of Trust requires financial planning and advice.

If you have benefited under someone’s Will or Estate in the last two years, you may want to take advantage of immediate Inheritance Tax savings by passing the funds directly from the person who has died into a trust, using a Deed of Variation. For example, you could use this type of trust to benefit you, your spouse, civil partner, partner or child in your lifetime and continue to benefit them after your own death. This type of trust requires financial planning and advice.

There are different scenarios that may lead to us becoming your trustee. You can appoint us as a new trustee of an existing trust that is managed by others. You may also ask us to become a trustee if a trust is created by a Will and the appointed trustee has died or does not wish to act, or because someone has died without leaving a Will in place. This type of trust does not require Financial Advice.

You can make additional trust arrangements that will only come into effect after you die, by including a specific clause in your Will. The flexibility exists to plan for changes in family circumstances, and you can guide your trustee by writing a ‘Letter of Wishes’ (which is kept with your Will). This letter can be amended by you as many times as you wish, but should be reviewed whenever you update your Will. This type of Trust does not require Financial Advice.

This type of trust is set up to benefit the cause or causes you wish to support – now and into the future. These are subject to potential tax concessions. This type of trust does not require Financial Advice.

Also known as living trusts, revocable trusts allow you to retain control of your assets during your lifetime. You can change your trust at any time.

  • A revocable trust allows you to avoid probate – which can be a very public and lengthy process
  • The trustee of your revocable trust can act for you in case of your incapacity to ensure that your needs are met, and your assets are managed appropriately.

Irrevocable trusts can support a variety of goals such as providing financial security for your family and promoting charitable causes. They generally can’t be changed after they’re established, subject to state law.

Example includes:

  • Charitable lead or remainder trusts
  • Credit shelter trusts
  • Domestic asset protection trusts (DAPTs)
  • Dynasty trusts
  • Grantor retained annuity trusts (GRATs)
  • Marital deduction trusts
  • Qualified personal residence trusts (QPRTs)
  • Qualified terminable interest property trusts (QTIPs)
  • Special needs trusts

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