This might be for a variety of reasons, but primarily to protect the assets straight away, and ensure they pass quickly after your death without having to wait for probate to be obtained.
There are many other reasons for a lifetime trust, and also they may or may not be suitable for your circumstances. After taking the time to understand your requirements, we can then advise on the suitability of this sort of trust.
Sometimes this type of trust gets bad press coverage, especially as they can be sold by unscrupulous salespeople. Goodwills have been advising on these trusts for almost 20 years, and have never had one successfully challenged or overturned. This is something we are very proud of.Learn more about our process → Get in contact with us →