LIFETIME TRUSTS
Protect Your Assets During Your Lifetime
Most people think estate planning only begins when they pass away.
In reality, many of life's biggest financial risks happen while you're still here.
A Lifetime Trust can help protect your assets during your lifetime, giving you greater control over how they're managed while helping preserve your family's wealth for future generations.
Whether you're concerned about future care costs, protecting your home, planning for changing family circumstances or simply wanting greater peace of mind, a Lifetime Trust could form an important part of your estate planning.
Could a Lifetime Trust Be Right For You?
If you answer yes to any of these questions, a Lifetime Trust could form an important part of your estate planning.
I'd like to protect my home and other assets during my lifetime.
I'm concerned about the impact of future care fees.
I want greater control over how my assets are managed.
I'm concerned about changing family circumstances.
I'd like to make life easier for my family if I lose mental capacity.
I want to help protect what I've built for future generations.
Every family’s circumstances are different. thats why we’ll always consider your wider estate plan before making any recommendations.
Why Choose a Lifetime Trust
Loss of Capacity
Trustees can continue managing trust assets if you lose capacity.
Greater Control
Decide how your assets are managed and for the benefit of who.
Probate Efficiency
Can simplify aspects of estate administration for your family.
Long-Term Security
Create lasting protection tailored to your family's needs and future.
Earlier Protection
Begin protecting your assets now instead of waiting until after death.
Care Fee Planning
May form part of wider planning for future care needs.
Family Protection
Help safeguard your assets for your children and grandchildren.
Lifetime Trust vs Property Protection Trust
Property Protection Trust
Usually created within your Will
Normally begins after death
Protects your share of the family home
Often suitable for married couples and civil partners
Designed to preserve your chosen beneficiaries' inheritance
Lifetime Trust
Created during your lifetime
Begins working immediately
Can provide earlier protection for certain assets
Greater flexibility in changing circumstances
Forms part of a wider estate planning strategy
Both trusts have an important role in estate planning.
The right solution depends entirely on your personal circumstances, your family and your long-term objectives. During your Legacy Review, we'll explain the options available and recommend the most appropriate approach for you.
Frequently Asked Questions
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A Lifetime Trust is a legal arrangement that allows certain assets to be placed into trust during your lifetime. It can help provide protection, continuity and greater control over how those assets are managed for you and your beneficiaries.
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A Property Protection Trust is typically created within a Will and usually comes into effect after death. A Lifetime Trust is established during your lifetime, allowing planning and protection to begin much earlier.
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Depending on your personal circumstances, a Lifetime Trust may form part of wider estate and care fee planning. Every situation is different, which is why professional advice is essential before making any decisions.
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The level of control depends on how the trust is established and your individual objectives. We'll explain exactly how a Lifetime Trust works and ensure you fully understand your options before proceeding.
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If you lose mental capacity, your appointed trustees can continue managing the trust assets in accordance with the terms of the trust, helping provide continuity and reassurance for your family.
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No. For some families, a carefully drafted Will may provide all the protection they need. For others, a Lifetime Trust may offer additional flexibility and earlier protection. Our advisers will recommend the most appropriate solution based on your circumstances.
Lifetime Trusts can be incredibly useful, but they are not right for everyone.
Our free guide explains how Lifetime Trusts work, when they may be appropriate, and the key things to consider before making any decisions.
Use it to understand your options before booking your free Legacy Review.
Download Our Lifetime Trusts Guide
