Access & Control of your estate with Lifetime Trusts
Lifetime Trusts protect and preserve your home and assets for future generations within the Trust, yet allowing you to keep control during your lifetime.
We are fully qualified members of The Society of Will Writers and as such, you can be assured of receiving a professional service.
What are Lifetime Trusts?
Discretionary Lifetime Trusts are a type of trust that you set up and put in place now, during your lifetime. This is in contrast to a Trust within a Will, which only becomes active after your passing.
This kind of Trust is not new to the 21st Century, in fact it has been used in the UK for hundreds of years. However, even today it is still one of the most powerful and flexible estate planning tools available. particular circumstances:
- Safeguard your home with a Property Protection Trust in your Will.
- Maximise flexibility with a Discretionary Trust.
- Protect all your assets and provide for your surviving partner with a Flexible Life Interest Trust.
- Ensure provision for a disabled person with a Vulnerable Person’s Trust in your Will.
Confused about Lifetime Trusts?
It may be that you have been considering creating a simple Will, but have heard about Trusts.
Rest assured, during your consultation we will discuss your circumstances and what you are looking to achieve. If it’s right for you, we can then guide you through the process to make a Lifetime Trust as simply as we can.
If Lifetime Trusts are not for you, you can always still create a simple Will, or a Will Trust as desired.
Protect yourself and their inheritance with Lifetime Trusts
1. Book an Appointment
Contact us and our friendly team can arrange an appointment at a time and date to suit your diary.
2. Discuss your situation
Through discussing your circumstances and aims, our highly trained professional can advise on the available options when we make your Lifetime Trust.
3. Sign your Lifetime Trust
Once you are happy that we have decided on the best solution for your needs, to proceed, your documents are prepared for you to sign & witness.
Do I need a Lifetime Trust?
Not necessarily. It really depends on your circumstances and what you are looking to achieve. We always begin with a general chat about you and your aims. There may be more than one suitable option, so we can explore those. Property Protection Trusts and Family Trusts can be adapted to meet the needs of you and your estate.
Having a simple Will might not always be the best option for you
Having a Property Protection Trust or Family Trust within your Will allows extra control and protection. Our intention is to explain the options to allow you to make an informed decision.
Your surviving partner remarries, disinheriting the children's
Should you require care, it could result in nothing being left to inherit
You're unmarried so pay more Inheritance Tax
Gifts are at risk if beneficiaries divorce or become bankrupt
Your beneficiary has a disability or receives means-tested benefits
Children are disinherited
What is a Will?
A Will, officially known as a Last Will & Testament, is a vital legal document that details how you wish to distribute your possessions after you pass away. Your possessions can include your property, money, and sentimental items. Furthermore, a Will designates an individual to oversee the distribution of your assets, specifies your funeral plans, and names guardians for any minor children you may have.
Drafting a Will is a crucial measure to safeguard your desires, guarantee that your legacy is managed thoughtfully, and provide for the well-being of your loved ones. This provides you with peace of mind.