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Lifetime Trusts

A Lifetime trust is a trust which is created by someone to take effect during their lifetime rather than on their death.

Many people set up lifetime trusts in order to effectively deal with tax planning and to reduce their inheritance tax bill on their death.

This is a very specialised area of law which requires professional advice. There are risks which need to be considered as you may be giving away assets you still wish to benefit from, or making gifts which have adverse tax consequences. Our team can talk you through the process.

Trusts can be very complex documents but can also be essential in order to ensure that the best possible solution is offered to all your concerns. It is essential to take professional advice before entering into a trust as there can be tax implications of placing assets within trusts. Our experts can assist you through this process.

For more information, why not click the links below or download one of our helpful guides

Alternatively, give us a call on 01302 341414 (Doncaster) and 0114 272 1884 (Sheffield) and our friendly team will be happy to have a chat with you.

What other types of trust are available?

There are numerous types of trust available, the most common types are:

Lifetime Trusts

Need to put a trust in place to protect yoru assets? 

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Wills, Probate and Trust Team Lead by Partners, Stephen Coates and Lauren Smith our Wills, Probate and Trusts team will help you plan for the future and protect your assets Meet the team

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Wills, Probate and Trusts Team

If you are looking for legal experts to help you with your Wills, Probate or Trusts needs, our team will give you a call back at the earliest opportunity. Alternatively, you can call our Doncaster office on 01302 341414 or our Sheffield office on 0114 272 1884
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