Crossman Trust Company Limited

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Crossman Trust Company Ltd > Our Services > Trust formation and administration
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Trust formation and administration

The most common form of trust is where someone (known as the "Settlor") makes a transfer of property during his lifetime (an "inter-vivos" gift) to another (known as a "Trustee") upon whom there is a binding obligation to deal with the property over which he then has control (the "Trust Fund"), for the benefit of persons (the "Beneficiaries") of whom he may also be one and which any of whom, may enforce the obligation(s) placed upon him.

Trusts take several forms and the nature of the trust varies depending on the needs of the client and the purpose behind setting up the trust. The types of trust available include, but are not limited to:

  • Discretionary
  • Fixed interest
  • Interest in possession
  • Accumulation and maintenance

Crossman has the experience and specialist knowledge to ensure that the trust structure is appropriately tailored to a specific client’s circumstances and required objectives.

We are able to provide:

  • assistance with initial trust establishment, in conjunction with discussions with the settlor
  • ongoing trustee services
  • ongoing administration services, including bookkeeping and accounting

Crossman undertakes ongoing monitoring and review of all trust arrangements to ensure that they remain appropriate in light of any changes in legislation.

Our standard fees and charges for the provision of trust services can be viewed through the following link - Scale of charges.

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Postal Address: PO Box 1, Portland House, Station Road, Ballasalla, Isle of Man, IM99 6AB
Telephone: +44 (0)1624 825805 | Fax: +44 (0)1624 824570

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