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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.

‘Lynne Bradey is very knowledgeable, very diligent, very efficient. For us as financial planners what stands out is her ability to work well with other professionals. Lynne understands extremely well and values highly how financial planning and investment management dovetails with her role’.


Legal 500 (2022)

Lynne Bradey View Biography

Lynne Bradey

Direct Line: 0114 267 5584

Partner
Sheffield

Meet the team

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