Trusts and Lifetime Estate Planning

Planning ahead means peace of mind today.

Our experienced estate planning solicitors can support you in setting up both will trusts and lifetime trusts. A trust is a flexible legal arrangement that lets you set aside assets, such as money, property, or shares, for the benefit of others while keeping control over how and when those assets are used.

While the conditions of a will trust would activate upon your death, a lifetime trust can be set up at any time to assist with wider succession planning in relation to your estate. This can help you plan ahead for how wealth and assets will be managed and passed on, which can provide peace of mind and clarity for protecting family and business assets.

Reasons for setting up trusts include:

• To protect vulnerable beneficiaries, such as loved-ones with learning disabilities, dementia or simply those who are unable to manage money
• Inheritance tax planning
• Succession planning

Based in Newcastle, our estate planning lawyers can support clients based across the UK and internationally, providing a confidential service with long-term support.

Our team has particular experience in structuring trusts for clients with substantial estates, including business assets, investment portfolios, and multiple properties in the UK and overseas.

However, lifetime estate planning is not just for the very wealthy. Anyone with property, investments or a business can benefit from putting plans in place.

If you own a business, your estate planning needs are often more complex. You may want to pass your company to the next generation, protect assets in cases of disputes or unforeseen events, or balance business succession with providing fairly for your family.

Our full-service approach means we can bring in colleagues from our corporate, real estate and commercial teams to provide joined-up advice. That way, your personal and business interests are protected together.

If you need advice regarding setting up trusts and life estate planning from trusted advisers, contact 0191 281 6151 or email our wills, trusts and probate team on probate@mincoffs.co.uk.