Our lifestyle trust 10 Things you should consider with the Lifestyle Trust: Once you have specified your entitlement schedule you will be unable to change the size of these entitlements, although you do have the flexibility to defer accessing them if you decide that you don’t need an entitlement on a specific date. The Lifestyle Trust may not be suitable for you if you need greater access to the money you have put under trust. Although you have the right to the entitlements specified, if market returns are poor for a sustained period, the value of these entitlements may be worth less than you expect. There may be immediate, ongoing and exit IHT charges. The trustees will use their discretion to decide who should benefit from the trust and, whilst you can make your wishes known to them, they will ultimately decide. reduce your inheritance tax liabilities leave your wealth, tax efficiently, to future generations fund a dream holiday or perhaps your grandchildren’s education, by having access to trust fund ‘entitlements’ at pre-determined dates have the flexibility to defer accessing entitlements if circumstances change. Talk to your financial adviser about the Lifestyle Trust The Lifestyle Trust is one of a number of trust solutions that can be used for tax planning. It can help ensure that your wealth can be passed on to those you choose, in line with your wishes, during your lifetime and after. Your financial adviser will be able to explain whether the Lifestyle Trust is appropriate for your needs and if it is the most suitable. The Lifestyle Trust could be right for you if you want to: Note