Lifetime Trusts

Setting up a Trust can be a flexible and tax effective way to provide for your loved ones.

Setting up a Trust can be a flexible and tax effective way to provide for your loved ones.

Plan for your future with a lifetime trust

With a Lifetime Trust, you can protect your most valuable assets, such as your property, whilst you are alive.

At Goughs, we have extensive experience in lifetime Trusts ensuring a tax efficient way to preserve your wealth and provide for future generations.

What is a Lifetime Trust?

A Lifetime Trust can protect your most valuable assets without restricting your access to the fund. Trusts can be complex and require experienced advice and help to obtain the many benefits they provide.

We're here to help you protect your wealth

Your Trust experts since 1882

Popular questions
about lifetime trusts

Lifetime Trusts are different from Will Trusts because they are established straightaway and not upon death

You can set up a Trust during your lifetime or on your death using your Will.

The implications of either option will differ depending on the tax consequences and your own circumstances. You should seek advice when deciding the best time for you to create a Trust.

A Trustee takes legal ownership of the assets held by a Trust and assumes fiduciary responsibility for managing those assets and carrying out the purposes of the Trust.

As there are so many circumstances in which it may be worth considering the creation of, or administering a Lifetime Trust, at Goughs we are happy to offer advice on what might work for you. We consider each individual’s unique objectives and can advise on the types of Trust available to you.

We can help you consider which type of Trust would better suited to your objectives and what the implications of setting up a Trust may be. This could include tax charges on the creation of a Trust, or considerations about your own future. We can also advise you on the things to consider when choosing Trustees and what the role would entail.

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Thank you Alice Blackmore for your fantastic professional support, with care, compassion and kindness, of our need for explanation and understanding of the system and language in a lot of correspondence. Thank you too for being always being honest and empathic of our feelings.

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Another well-managed transaction handled promptly and professionally by Nadine Cook and her team. We have used Goughs before, will use again and would not hesitate to recommend their services to anybody.

Phil Carter

Goughs Solicitors provide a friendly, professional and extremely reassuring service. The whole team, especially Georgina Catlin, are empathetic and provide sound advice when required, you definitely feel you are in safe hands.

Your future planning team

Annie James

Solicitor

Annie qualified as a Private Client solicitor in 2016 and joined Goughs in February 2020. She specialises in the preparation of Wills, Lasting Powers of Attorney, preparation and administration of Trusts, and the administration of Estates. Annie prides herself on taking the time to really understand the needs and priorities of her clients.

Dawn Moir

Partner (TEP)

Dawn joined in 2003 and became a partner in 2004. Whilst Dawn supports her team with all aspects of estate planning and estate administration, her particular areas of expertise are later life planning & support, and trust creation & administration, including all things tax.

Phillip Bolton

Partner & Head of Private Wealth

Phillip is a Partner and Head of the Private Wealth Team at the firm. His practice encompasses all aspects of private client work, with a particular interest in complex Wills, wealth preservation, tax mitigation, and estate planning.

Emma Taylor

Partner & Head of Private Client

Emma began her life at Goughs in 2008 as a Solicitor. Now, with over 15 years of experience, she is a Partner and Head of the Private Client Department. Emma deals with all areas of Private Client work but has a particular interest in Trusts and Complex Property Ownership.

Trish Watkins

Senior Associate (FCILEx)

As a Private Client lawyer, Trish always had a strong empathy for the elderly and vulnerable and prides herself in being able to engage with them and support them through what can be very difficult times.

Why work with Goughs?

Local since 1882, with an excellent reputation

First-class, effective service

Largest solicitors in Wiltshire

Seven offices throughout the county

Nationally accredited law firm

Recognised by Legal 500 and Chambers & Partners

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