Pay bills on behalf of the trustee and manage any direct debits or standing orders
Pryers solicitors are professional trustees within the Court of Protection. We are regularly appointed to manage the financial affairs and property of someone who lacks the mental capacity to look after their property and money themselves.
As professional trustees within the Court of Protection, we can meet all the key requirements of trust administration and manage financial matters in the best interests of those who cannot manage their own affairs.
Pryers is a specialist professional trustee firm whose aim is to support the vulnerable. Our team takes the time to understand each person’s underlying needs to make sure our financial decisions benefit them directly. Whether it’s managing income, making tax-efficient decisions, or handling wealth and high-value assets, our meticulous approach can give friends and family peace of mind that a loved one’s financial interests are being taken care of.
We have expertise and experience in managing a range of trusts, including personal injury compensation trusts and those set up to mitigate inheritance tax, and we meet all legal reporting requirements to offer reassurance and accountability. Whatever support you need from a professional trustee, get in touch with Pryers to learn more about how we can help.
Contact us on 01904 409 720 or form below to find out how we can support you and your loved ones as professional trustees.
A trust is a legal agreement under which assets, such as money, property, or investments, are held by one or more people, known as trustees. The trustees manage the trust's assets on behalf of one or more beneficiaries. In the Court of Protection, assets are managed by a trustee on behalf of a vulnerable person, known as the beneficiary.
A trust sets out how a person's assets must be managed, and the trustee then looks after those assets in accordance with the trust's terms and in the beneficiary's best interests. There are also significant reporting requirements, and the Court of Protection may monitor and oversee the trustee's actions. This is why it's often best to choose a professional trustee, or include a professional among other trustees, so all legal requirements are met and the full implications of financial decisions are taken into account.
Pay bills on behalf of the trustee and manage any direct debits or standing orders
Instructing other professionals to advise when needed
Managing and making investments
Ensuring funds are managed properly
Overseeing any property transactions, including purchasing, maintaining and if necessary, remortgaging or selling any property
Managing their share in any co-owned property
Taking out any relevant insurances to protect the assets in the trust
As trustees, the lawyers at Pryers have a duty of care to the beneficiary and we will always carry out our role with the same diligence as we would apply to our own finances. We are transparent about our work and provide accounting and attend any meetings needed to discuss the financial arrangements of our clients, so you are confident they are being meticulously cared for.
You can call us on 01904 409 720 or get in touch with us using our form and our friendly team will come back to you.
Pryers solicitors specialise in Court of Protection matters and personal injury trusts . The Court of Protection is our primary focus and we have many years of experience in trust administration and acting as professional trustees. We’ve spent our legal careers working with the vulnerable and their loved ones to protect them from risk and abuse, so they can enjoy their lives confident they’re well cared for. We’re experts in managing trusts on behalf of our clients because it’s central to our work, and it means we can guide you in protecting someone vulnerable.
Trusts can be overwhelming as acting as a trustee meants taking responsibility for someone else’s financial future, but we’re here to support you throughout. We don’t use jargon or over complicate things but will translate the legalese into plain English, so you know what’s happening, what we advise and what’s next. Our experts who offer professional trustee services have a wealth of relevant experience and qualifications, including:
Our office is located in York but we are a nationwide service and can help wherever you are. We’ll work in a way that’s best for you, so if you prefer, we can meet face-to-face, on video calls such as Teams, Zoom, FaceTime or by phone.
Get in touch with us today at help@pryers.co.uk or call us on 01904 409 720 .
'I have worked with the Court of Protection team at Pryers on two separate cases for over six years now. I find them to be professional, easy to communicate with and caring towards the children I case manage.'
Helen CCase manager
HMRC has been reminding families to check whether they have money waiting in a Child Trust Fund. It is estimated that more than 750,000 Child Trust Funds have matured without being claimed, with an average value of over £2,200. For many young people, that could make a meaningful difference.
Families who support a vulnerable person often want the same things: security, dignity and the best quality of life possible. When a person lacks mental capacity, managing money can become more complex. Without the right arrangements in place, there is a risk that they may not receive the benefits they are entitled to, or that their funds may not be used in the best way to support their needs.
When a loved one loses the mental capacity to make important decisions, it can be a deeply emotional and confusing time. The Court of Protection exists to help families and professionals make those decisions lawfully and in the person’s best interests, but the process can feel daunting if you’re unfamiliar with it.
The Supreme Court is currently hearing arguments that could change the legal test for when a vulnerable person is considered to be deprived of their liberty. This revisits the well-known Cheshire West judgment, which has shaped how care arrangements are authorised for people who lack mental capacity.
Get in touch today on 01904 409 720 or by email help@pryers.com.