Family Asset Protection Trusts
Family Asset Protection Trust
A Family Asset Protection Trust, also known as a Inter vivos Trust, is a type of Trust that can be set up during your lifetime. You can place assets, such as your property, cash and investments into your Trust allowing them to be managed for future generations by your chosen Trustees..
- Passing control of the assets to the Trustees; this can allow you to leave matters to Professional Trustees, or your adult children, for peace of mind.
- Ensuring that assets are passed to desired beneficiaries regardless of potential future changes in life such as potential sideways disinheritance or accruing debts.
- Enabling assets to be managed on behalf of a person who could not hold it for themselves, such as minors or disabled beneficiaries.
- Speeding up the administration of the estate upon death potentially avoiding need for Grant of Representation.
- Reducing the cost of administering the estate death as the high value assets are removed from the Estate.
Setting up your Family Asset Protection Trust
We have tailored our consultation around our clients and have been fine tweaking this process for the last 11 years. We complete face to face appointments in the comfort of your home ensuring you receive the correct advice with our empathetic and patient process. You will receive your Trust documents within 4 weeks, due to the legal work involved in creating your documents with one of our legal partners* this will take slightly longer than your other estate planning products. Once you receive your documents, our consultant will return to explain each document in further detail and complete the signing process.
*The Family Trust Corporation do not produce your Trust documents and they are completed by one of our legal partners who are regulated by the Solicitors Regulation Authority (SRA).
Storing your Trust Documents
It is vital that your Trust documents are held safely and securely and accessible by your Trustees. We provide safe and secure storage through our partner, Deedbank Document Storage who have stored legal documents since 1997.
HOW CAN A TRUST HELP ME?
