Website Cookie Policy

We use cookies to give you the best possible online experience. If you continue, we’ll assume you are happy for your web browser to receive all cookies from our website.
See our cookie policy for more information.

Practice Areas

More Information

thepartners@wrigleys.co.uk

Leeds: 0113 244 6100

Sheffield: 0114 267 5588

FOLLOW WRIGLEYS:

Send us an enquiry
Close

Lifetime trusts allow you to set aside assets at anytime during your lifetime.

What is a lifetime trust?

Not everyone wants to wait until they die to pass on their assets to a loved one. Unlike trusts in wills, which take effect only after your death, a lifetime trust allows you to transfer the ownership of some or all of your assets to a trust while you are still alive. Those assets become the property of a lifetime trust which must be managed and looked after.

Safe, secure and tax-efficient

Lifetime trusts are a very effective way of setting aside some or all of your assets for a disabled or vulnerable person’s future care. These trusts can also be very tax-efficient and give you peace of mind that you can help your loved one in the way that best suits their needs. If you wish you can play a direct role as a trustee, safe in the knowledge that our experienced professionals are by your side to give all the support and legal insight that you need.

Friendly, expert help whenever you need it

As you’d expect, deciding on the right kind of trust for your particular situation, understanding the implications for a disabled beneficiary’s tax and benefits and protecting the trust from the undue costs of community care and other services all makes for a detailed and demanding legal task. However, as specialists in working with and for those with disabilities or special needs and circumstances, Wrigleys experts are perfectly placed to give you the best possible lifetime trust advice and solutions.

What’s more, our care and concern doesn’t end once the trust is established: we’re happy to provide any ongoing support and services that you need to make sure you and your beneficiary get the best possible outcomes for as long as you wish.

Is a lifetime trust right for you? Call us today on 0114 267 5588 and let’s talk it through.

"Wrigleys is a force to be reckoned. Lynne Bradey has great experience. Jane Netting is highly focused and very responsive. Ian Potter is very intelligent and really knows the Court of Protection and trusts and Thomas Mundy is a real rising star."

Legal 500

Lynne Bradey View Biography

Lynne Bradey

Direct Line: 0114 267 5584

Partner
Sheffield

Peter Clarkson View Biography

Peter Clarkson

Direct Line: 0114 267 5581

Solicitor
Sheffield

Meet the team

24 Nov 2020

Financial recovery post-COVID: What is next for IHT & CGT?

Proposed reforms to IHT & CGT: How might the government balance its books in the long term & attempt to recover some of the financial costs of COVID?

17 Nov 2020

Employer found not liable for employee’s practical joke

Recent case considered whether an employer could have prevented a practical joke that caused injury.

16 Nov 2020

Should deputyship costs be allowed as an expense?

Local Government Ombudsman considers whether deputyship costs should be allowed as an expense in residential social care means testing.