Wills & Lifetime Trusts

Trust arrangements set up in your lifetime can be an effective way to pass wealth down through the generations in a well thought out and tax efficient manner. Not only can they protect assets during your lifetime, they can also provide peace of mind that following your death provision has been made for beneficiaries.

The protective umbrella of a trust can mean that provision can be made for intended beneficiaries offering a layer of protection against third party claims such as divorce or bankruptcy. Trusts can be fixed interest or discretionary and, in some cases, mean you may still be able to access the trust assets whilst you are alive. We will take time to understand your estate planning requirements and consider how these may be best achieved and in the most tax efficient manner.

The tax treatment of lifetime trusts is worth considering carefully. They can be an attractive proposition, to safeguard wealth and assets during your lifetime as well as having tax advantages. It’s always important to seek professional advice before setting up a lifetime trust, as the tax implications can be significant.

We regularly help families to tailor their personal planning, advising on and setting up appropriate lifetime trusts including:

  • Life Interest Trusts
  • Bare Trusts
  • Declarations of Trust
  • Discretionary Trusts
  • Personal Injury Trusts
  • Pension Bypass Trusts
  • Disabled Person’s Trusts
  • Vulnerable Beneficiary Trusts

Our expert Private Client team can guide you through the complexities of setting up a lifetime trust in harmony with your Will which allows to you make tax efficient provision guaranteeing financial security for successive generations.

Like to talk about Wills & Lifetime Trusts?

What clients say

"The responsive, personable and approachable team has great in-depth knowledge"

Personal Tax, Trusts & Probate, Wales, Legal 500 2023

"The team have a really good knowledge and expertise in their field."

Chambers HNW, Nottingham & Surrounds, 2023

"They are a very professional and friendly, they speak in a language clients can understand."

Chambers HNW, Wales, 2022

"A highly experienced team with experts in different areas of private client work."

Chambers HNW, Nottingham & Surrounds, 2022

"Key strengths are: excellent client care, attention to details, empathy and professionalism "

Personal Tax, Trusts & Probate, Nottingham & Derby, Legal 500 2022

"The team’s biggest strengths has to be its professionalism, knowledge and communication skills. I’ve dealt with the team for a considerable number of years now and have never found them anything less than perfect to deal with. "

Personal Tax, Trusts & Probate, Wales, Legal 500 2022

"Making sure financial planners and other professionals work together for the client is key, and learning from other professionals is what makes Geldards such a great firm to work with."

Chambers HNW, Nottingham & Surrounds, 2022

To Top