Our lawyers can help you protect assets and wealth for the benefit of your family, both now and in the future.

Providing for your family is an essential goal for most people, but it isn’t always easy - simply passing wealth on in your Will or as gifts while you're alive can be risky and inefficient.

We can help you set up a trust to make sure that your family gets the most out of your assets. A trust can:

  • Protect assets for family members who can’t look after assets themselves
  • Protect assets from business creditors or divorcing spouses
  • Prevent an inheritance from affecting someone’s entitlement to state benefits
  • Provide for young children in an income tax efficient way
  • Provide for both a current spouse and children from an earlier relationship
  • Protect family members’ estates from large inheritance tax bills when they die
  • Reduce your spouse’s tax burden when you die.

When setting up your trust, you choose the people who will look after your assets – the trustees - and who will benefit from them – the beneficiaries. You can leave instructions for how the trustees should manage the assets and how they should distribute the assets.

The trust will continue to protect your assets after you have passed away or have lost the capacity to manage your own affairs. With a discretionary trust, you can give your trustees the flexibility to handle whatever new circumstances might arise after you’re gone.

Our Tax, Trusts, and Estates team is one of the most highly rated in the country. With lawyers in major cities across Britain and extensive international experience, we can help wherever you or your family are based.

Contact us today to find out more about how we can protect your assets and provide for your loved ones.

Detailed knowledge of tax issues related to trusts
Offices across the country
Experts on advising how trusts can protect your assets
Experience in creating trusts tailored to your needs

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Family Trusts & Asset Protection - More Information

Irwin Mitchell are a very professional, trustworthy and straightforward company to deal with. I would recommend them to anyone."

Frank Clayton, client

Frequently Asked Questions

Who Can I Protect Assets For?

Many people create trusts to protect assets for loved ones who can’t look after the assets themselves. You might want to protect assets for:

  • Young children
  • People suffering from serious illnesses or disabilities
  • People at risk of unsuitable influences or addictions
  • People who are reckless or untrustworthy with their finances.

When you set up your trust, you can leave instructions for how trustees should react if a family member joins or leaves one of these categories. For example, you might let your descendants have more access to trust assets after a certain age, or restrict their access if they behave irresponsibly.

You can also decide how much discretion your trustees have when making decisions like these.

A trust can help you protect assets for other family members as well by reducing the impact of inheritance or income tax.

What Are The Different Types Of Asset Protection Trusts?

There are many different types of trust that you can create to protect assets for your family, including:

  • Full discretionary trusts
  • Trusts with income entitlements
  • Will trusts
  • Lifetime trusts
  • Specific trusts for people with disabilities.

The type of trust that is best for you will depend on your individual circumstances and what you want to achieve.

You might choose a flexible discretionary trust that can adapt to changing situations in the future. Alternatively, you might prefer a tightly restricted trust that only allows assets to be used in very specific ways to benefit specific people.

Our specialist trust solicitors will listen to your precise needs and requirements and explain all your options in plain English. We’ll use our extensive experience with trusts, wills, tax, and more to advise what we think is best for you and your family.

Awards and Accreditations

We're always proud to be recognised for the work we do for our clients and have been named as a leading firm in the latest legal guides - which provide information and recommendations about lawyers and law firms in the UK.

Private Client Team of the Year - Legal Business Awards 2018
Chambers & Partners 2020 logo
Good experience, professional and knowledgeable
Good Value For Money
They have excellent breadth of knowledge and provide good value for money

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Our offices are located in major cities throughout the UK and have excellent transport links.