Advice on trust restructuring

Trusts established years – or decades – ago may no longer meet their original purpose. Law, family dynamics, and asset profiles evolve; deeds that once fitted can become restrictive, may now be tax-inefficient, or impractical. Imperium’s restructuring service begins with a forensic review: we assist alongside advisors, with examining trust deeds, letters of wishes, historic tax filings, and investment mandates. We discuss with beneficiaries to capture current aims and pain points. Armed with this insight we design practical options—ranging from adding protector powers to converting discretionary trusts into interest-in-possession structures or migrating the trust’s residence.

We liaise with solicitors to draft deeds of variation, coordinate asset re-registrations, and manage HMRC clearances where uncertainty exists. Post-implementation we update the Trust Registration Service, amend bookkeeping processes, and brief all stakeholders on their new responsibilities. The outcome is a modern, efficient framework aligned with today’s goals – delivering clarity, compliance, and confidence for trustees and beneficiaries alike.

Imperium – shaping stronger trusts

We coordinate solicitors, valuers and HMRC clearances, implement the chosen route, update the Trust Registration Service and brief stakeholders on new duties. The result is a modern framework that preserves intent while embracing today’s governance, flexibility and efficiency.

Typical client scenarios

• Long-standing family trusts needing modern powers and flexible distribution options.

• UK beneficiaries inheriting offshore trusts seeking tax-efficient migration.

• Trustees considering winding-up dormant structures to cut ongoing costs.