Setting up a Trust can be a flexible and tax effective way to provide for your loved ones.
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
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.
I engaged the services of Goughs Solicitors in Trowbridge, in particular Ailie Peacock, to act on my behalf for the sale of my house. Ailie was always clear with her advice, acted in a timely manor and answered any questions I had almost immediately. She was very proactive in dealing with the other parties involved in a slightly convoluted chain.
Ailie also managed a very late request from our buyers with calm efficiency and the utmost professionalism. The end result was a smooth sale and completion, with remarkably little stress on our part. I would not hesitate from using them again.
Clear concise advice
Quick response to e-mails or phone calls. Will certainly use again in the near future. Clear concise advice patiently given!
Mr Ian Liddle
Excellent service as usual.
Superb once again.
Superb once again. Goughs provides outstanding service... professional in getting the job done and conducted with grace and care. Thank you Goughs!
The solicitor I dealt with at Goughs, Rhianna Cole, was an absolute star, I cannot fault her in any way at all. She made everything in the situation I was in so easy to understand, and she guided me through an extremely stressful time, with extreme professionalism, yet a very personal and sensitive touch. Can't big them up enough.
Made first-time buying a (relatively) simple process!
Sophie was very attentive and responsive and understood the need to act quickly in regard to our purchase process. She was diligent with the paperwork and was very easy to talk to and clear at explaining what was required in terms of action from our side and from the seller.
pursuit of excellence.
All were welcoming and pleasant and dealt with my queries instantly. Nadine Cook who handled the conveyancing was absolutely outstanding in her pursuit of excellence. I commend her as one of the best and she has my everlasting thanks
very friendly welcome
Donna was always available on the phone and was always helpful, a very friendly welcome. I had very regular updates and nothing was too much trouble.
Since working with Nadine - excellent service, Thank you Nadine, good service as expected.
Very glad we went with Goughs
Sarah was very thorough and kept in touch with us all the way through the process. Very glad we went with Goughs and hopefully Sarah will be assisting my parents with their property regarding Land Registry
Nadine was fantastic
Nadine was fantastic, by far the best conveyancing process we’ve ever experienced, would recommend her to anyone. She was professional and communicative at all times, thank you
Very happy with the service provided.
Nadine said at the beginning that she was proactive, easy to say, but she proved to be so. She dealt with all matters efficiently by e-mail and e-letter. I also had two face to face meetings and she took the time to explain things clearly which is important. Very happy with the service provided.
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