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Professional Trustees

PRIVATE BANKING

Professional Trustee Services

Supporting all aspects of trust administration

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, Lloyds 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 Lloyds Bank 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.

Benefits of appointing Lloyds Bank plc as professional trustee

Dedicated trust manager for every trust.
Confidentiality and impartiality assured.
Experience in all types of trusts.
Full trust taxation and administration completed.
Schroders Personal Wealth investment expertise where applicable.

Types of Trusts we can offer

Discretionary Lifetime Trust expandable section

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.
Discretionary Trust by Deed of Variation expandable section

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.
Transferring existing trusts for professional trusteeship expandable section

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.
Discretionary Will Trust content expandable section

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.
Charitable Trust expandable section

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.

Tax treatment depends on the individual circumstances of each client and may be subject to change in the future.

“Regular conversations are key to a successful relationship, but these conversations need to take place in a way that suits the client. So, we let them decide how often and in the method that suits them.”

Paul Selway
Trust Manager

Why choose us?

Key documents

Lloyds Bank Professional Trustee Service Brochure

Download brochure (PDF)

Information sheets on the different types of Trusts

Lifetime trusts information sheet (PDF)

Trust Management Service and appointing a trustee information sheets (PDF)

Contact us for a personal introduction

Professional Trustee Services expandable section
Private Banking Private Banking expandable section

If you are an existing Private Banking customer please contact us on 0345 300 2750.

If not and you are interested to find out more, please contact our team using the details below:

Call us on:
0800 731 0015

or

Request a convenient time for us to call you:

Request a call back

Service eligibility

Lloyds Bank Private Banking offers two levels of service:

Our Private Banking service is available to customers with £250,000 or more in savings and/or investments or a mortgage of £750,000 or more with Lloyds Bank.

And our Mayfair Banking service is available to clients with £2 million or more in savings and/or investments or an annual income of £500,000 or more.
Specialist Lending Specialist Lending expandable section

If you are an existing Private Banking customer please contact us on 0345 300 2750.

If not and you are interested to find out more, please contact our team using the details below:

Call us on:
0800 731 0015

or

Request a convenient time for us to call you:

Request a call back

Service eligibility

Our Specialist Lending service is available to anyone with a sole income of at least £100,000 or £250,000 or more in savings, investments. Fees and charges will apply.
Estate Administration Estate Administration expandable section

Talk to one of our specialist Bereavement Advisors.

Call us on:
0800 056 0171

Lines are open Monday to Friday, 9am – 5pm. Calls may be monitored or recorded.

Service eligibility

Our Estate Administration Service is available where we are appointed as an Executor under the terms of a will, where an existing Executor does not feel able to act or where there is no Will in place.

You do not have to be an existing customer to use our service. The gross value of the Estate must be over £80,000. This may include cash, valuables, investments or property.
Financial Advice Financial Advice expandable section

If you are an existing Private Banking customer please contact us on 0345 300 2750.

If not and you are interested to find out more, please contact our team using the details below:

Call us on:
0808 167 4243

Lines are open Monday to Friday, 9am - 6pm and Saturday 9am - 1pm, excluding bank holidays.
Calls may be monitored and/or recorded. Call costs may vary depending on your service provider.

or

Request a convenient time for us to call you:

Request a call back

Service eligibility

To benefit from the expertise of Schroders Personal Wealth, you will need to have at least £100,000. This could be in sole/joint savings, investments, personal pensions, and/or £100,000 sole annual income.

Talk to one of our specialist Trust Managers

Request a call back

Request a convenient time for us to call you:

Request a call back

Service eligibility

Eligibility for our Professional Trustee Services is subject to a minimum investment of £100,000. Fees and charges apply.

Important Legal Information

Lloyds Bank plc. Registered office: 25 Gresham Street, London EC2V 7HN. Registered in England and Wales, no. 2065. Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority under number 119278.

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Why appoint a professional trustee?

Our approach:

How can Lloyds Bank help?

Benefits of appointing Lloyds Bank plc as professional trustee

Lloyds Bank Professional Trustee Service Brochure

Information sheets on the different types of Trusts

Talk to one of our specialist Trust Managers

Important Legal Information

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