Lifetime Trusts

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

Future Planning

Lifetime Trusts

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 lawyers since 1882

Popular questions
about 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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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

Your future planning team

Andrew Kelly

Associate Solicitor

Andrew has over twenty years litigation experience and has worked on a wide range of contentious probate matters. He has a particular interest in Will disputes; Inheritance Act claims; Proprietary estoppel; and Professional negligence.

 

Victoria Nash

Human Resources Director

Victoria's focus is on attracting top talent, encouraging employee development, and creating career paths allowing the firm to enhance individual potential, opportunity and achievement, to ensure consistent growth and sustainability.

Kathi Lomas

Human Resources Manager

Kathi is driven to provide practical support to employees and line managers in order to enable our teams and employees to fulfil their true potential within the firm.

Lauren Bridger

Senior Human Resources Executive

Lauren undertakes a very broad HR role within the firm, with a particular focus on working closely with the partners in attracting and selecting the right people to meet the firm’s strategic objectives.

Louis Mancini

Trainee Solicitor

Louis started at Goughs in September 2019 as a Trainee Solicitor, working in the Private Client Department.

Natasha Miller

Trainee Solicitor

Natasha enjoys the human element to each case and working with clients to achieve the best possible outcome for them, in what is inevitably a very difficult time in their life.

Related Pages

In this article we will explain more about inheritance tax and how some simple, pre-emptive planning can help both reduce the tax and administration burden on those that you love.

Making a Will

Transfer of Equity

Amending a Will

Wills & Powers of Attorney