Setting up a Lifetime Trust
If you require support with setting up a Lifetime Trust to help ensure your assets are passed from one generation to the next, Blacks Solicitors’ Wills & Probate team can help.
Are you worried about Inheritance Tax or Care Fees?
Our expert Wills & Probate team can discuss the full range of options available to you to mitigate your Inheritance Tax or Care Fee liability through bespoke, clear, and cost-effective legal advice.
We can support on all aspects of setting up a Lifetime Trust, as well as management and day to day administration.
There are various advantages to creating Trusts including:
- Allowing you to give assets away but retain some control over the destination of the assets held within the Trust
- Acting as a useful tax planning tool to reduce the size of your Estate
Trusts can also be used to protect assets from beneficiaries who are not in a suitable position to receive an outright gift.
For more information about lifetime planning, or for a free no obligation discussion, please email Blacks’ Wills & Probate team today or call 0113 207 0000.