Make sure your legacy lasts
Set up a trust to manage your assets
Better to have it and not need it…
Than to need it and not have it.
By setting up a trust, you guarantee your assets are managed by someone you trust if you’re unable to do so.
It also ensures your children inherit at the right time, and protects your assets against complicated tax laws, potential care fees or spendthrift family members.
No one size fits all, get exactly what you need.
Because we prize personalised care, we are careful not to recommend what you might not need. Find out with three simple questions which trust suits your plans better.
Are you hoping to entrust someone else with your estate during your lifetime?
Then a Living Trust is what you need! Designed to take effect during your lifetime, a living trust allows you to manage and control your assets while ensuring they’re smoothly transferred to your loved ones after your passing—avoiding probate.
Do you have specific instructions for whomever will care for your children/estate?
Then you need a Discretionary Will Trust. These trusts are created through your will and only come into effect after you’ve passed. They’re also ideal to ensure your children or other beneficiaries receive their inheritance at a specific time, such as reaching adulthood.
Some questions others have asked:
What is a trust?
How can a trust help reduce inheritance tax?
Certain types of trusts can reduce the amount of inheritance tax your estate needs to pay, ensuring more of your wealth is passed to your loved ones.
Do I need a trust if I already have a will?
A will is a great start, but a trust offers added layers of protection and flexibility. While a will only takes effect after you pass away, a trust can manage your assets during your lifetime and ensure they are handled the way you wish.
Trusts also help avoid the lengthy probate process, meaning your loved ones can access their inheritance faster and hassle-free.
What is the difference between revocable and irrevocable trusts?
A revocable trust gives you the flexibility to make changes during your lifetime. You can add or remove assets, or even dissolve the trust if your needs change. An irrevocable trust, on the other hand, is set in stone once it’s created. While that might sound limiting, it offers certain tax benefits and extra protection for your assets.
Together, we’ll figure out which option makes the most sense for your situation.
How do I fund a trust?
Funding your trust simply means transferring ownership of your assets—such as your home, savings, or investments—into the trust. This ensures that those assets are covered by the trust’s protections.
Don’t worry, we’ll walk you through the process step by step so that everything is properly set up.
How will my trust be managed over time?
Once your trust is set up, it will be managed by a trustee. This can be you while you’re alive, or someone you appoint. Over time, we can make adjustments to your trust as your life circumstances change. It’s all about keeping things as smooth and flexible as possible for you and your family.
*Trusts are prepared via Lawhive Legal SRA number 8003766
Set it up before you need it:
Create your trust now for one less worry.
Phil Evans said:
“Kirsty is a very experienced lawyer and gives her clients the attention to detail that is often lacking with many larger firms.”
