On some occasions a Will Trust may not be the best solution and a Lifetime Trust could be appropriate. By locking assets into a Trust when you are still alive you can take them out of your estate so reducing the amount your estate needs to pay after you’ve gone. Lifetime Trusts are also great for protecting your assets for those you love most while removing the risk that they could be taken should a beneficiary become bankrupt or divorced. As with Will Trusts there are a variety of options which can help to offset Inheritance Tax and protect assets for vulnerable people.