 In 1704 he was made a Knight of the Garter, and in December 1706 he was created Viscount Rialton and Earl of Godolphin.Upon his death in 1712, all these titles passed to his son Francis.The second creation, as Baron Godolphin, of Helston in the County of Cornwall, was in the Peerage of Great Britain in 1735 for Francis Godolphin, 2nd Earl of Godolphin, with remainder, in default of male issue of his own, to the male issue of his deceased uncle Henry Godolphin, the Dean of St Paul's.