New TRS rules now in force — what trustees need to know

We explore the key changes to the TRS, explain what they mean in practice and outline the steps that trustees should be taking now.
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Our specialist private client solicitors help Coutts clients to create and administer trusts — protecting your assets and wealth for the future.
Trusts are a key part of the planning strategy for many families and individuals but they can be complex to create and manage.
If they’re poorly drafted, the intended strategy may be ineffective and Trustees could be unsure about their responsibilities. This may lead to concerns about tax or compliance and as a result, trustee actions might not line-up with the expectations of beneficiaries.
This can lead to mistakes, frustrated beneficiaries and the risk of legal action.
As a Coutts client, our team will expertly guide you through the various Trust structures available and advise on which would best suit your aims.
Your options may include:
Expert guidance is just a phone call away. Call our Head of Private Client, Duncan Bailey, today on 0151 600 3451.
Alternatively, send an email to duncan.bailey@brabners.com or complete our contact form and Duncan will be in touch with you.

Our team will work with you to understand your objectives and provide advice tailored to your individual circumstances.
Our fees reflect the nature of your instruction, your specific requirements and the level of complexity involved.
We’ll always discuss any additional costs with you in advance, in-line with our transparent approach to fees.

Our clients also benefit from the services of the Brabners Trust Corporation, which is managed by our highly experienced private client team.
This removes all of the concerns that some clients have in relation to the independence and professionalism of their Trustees.
It also ensures that your Trust receives the ongoing, professional, multi-generational management that both you and your beneficiaries deserve.
Our Trusts expertise is just a small part of our extensive Brabners Personal offering, which brings together the very best in personal legal guidance.
“Praised as a ‘fantastic professional group of people, from top to bottom’, the private client team at Brabners remains a popular choice for ultra-high-net-worth individuals for complex estate planning issues, tax planning, Will drafting and probate administration.”
The Legal 500 2026
“Brabners handles the full range of personal tax, trusts and probate-related work... 'Exceptional head of department' Duncan Bailey is particularly knowledgeable in trusts and tax planning for families, entrepreneurs and business owners and also advises professional trustees.”
The Legal 500 2025
“Steven Appleton's expertise in personal estate planning is 'second-to-none'.”
The Legal 500 2025
“Amanda Bailey is a ‘go-to person for all complex trust issues' [with] unique expertise in family investment companies.”
The Legal 500 2025
“Sarah Murphy is a very safe pair of hands for complex estates.”
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“Louise Scholes has a broad practice with expertise in Wills, inheritance tax planning, estate administration and trusts.”
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