Flexible Life Interest Trust Bournemouth
Protect Your Legacy with a Flexible Life Interest Trust (FLIT)
Take control of your estate planning. While safeguarding your assets and benefiting future generations.
Protect Your Legacy with a Flexible Life Interest Trust (FLIT)
Take control of your estate planning. While safeguarding your assets and benefiting future generations.
A Flexible Life Interest Trust (FLIT) is a powerful tool. Designed to provide asset protection, inheritance tax efficiency. And tailored solutions for families. With complex financial or personal state. Will writing and tax planning. Can limit the surviving spouse tax liabilities.
The primary benefit of a flexible life trust. Is that you can avoid potential tax charges. Take the necessary steps today to protect your wealth for tomorrow.
Preserve your wealth. A FLIT ensures assets are protected from creditors. Divorce settlements, and care fees. By transferring asset ownership into the trust. They are safeguarded from risks. That are linked with the life tenant’s financial situation. Speak to our skilled team for strategic guidance.
We are guided by strict regulations. To offer the surviving beneficiary. Substantial tax savings and tax advantages. A flexible life interest trust Bournemouth. Has significant advantages.
You can control the remaining capital. Through a range of will writing services. Our primary focus of the trustees. Is to ensure that the part of the surviving spouse. Has no inheritance tax obligations.
Optimise your tax strategy. By leveraging laws on inheritance tax allowances. And capital rearrangements, a FLIT can help reduce inheritance tax. To negligible levels, if the survivor lives. For seven years after the capital changes. A life interest trust is the first step to help resolve capital gains tax.
Adapt as circumstances change. FLITs empower trustees to adjust the distribution. Of capital and income during the survivor’s lifetime. Offering tailor-made support for future generations.
Our will writing service can avoid any tax implications. The will writer plays a crucial role. We are here for your best interest. Wills 4 Less offer you financial security. And a wide range of financial resources. For all financial matters and financial assistance. We advise you speak to an independent financial advisor first. To discuss all your financial assets. A trusted friend cannot advise you on tax implications of these trusts. Wills 4 Less can help you look the trust’s objectives.
Ensure everyone’s needs are met. Whether you’re a couple with children from multiple relationships. Or you’ve been married more than once. FLITs are an excellent way. To balance the interests of all beneficiaries. For professional advice on all types of trusts – call our team today!
Do you have had previous relationships? And want to include them in the trust assets we can arrange this for you.
Streamline the process. Assets held in a FLIT are legal vest in the trustees’ names. Reducing the need for probate. And expediting the admin of your estate. You can safeguard your wealth from care home fees and tax obligations. In the event of the life tenant’s death we can adjust the property trust.
Peace of mind for property upkeep. Trustees are responsible for maintaining. And ensuring trust-held property assets. Ensuring they remain protected over time. See the gov website for more advice.
Whether you’re managing substantial wealth. Planning for the well-being of blended families. Or seeking peace of mind over long-term finances. A FLIT provides a complete and secure solution.
Estate planning can be complex, but we are here to simplify it for you. Our team of trusted advisors will work with you. To create a bespoke Flexible Life Interest Trust.
That meets your unique financial and personal needs.
When dealing with inheritance tax planning. It is essential to evaluate. The mental capacity of people involved. Appoint a civil partner or trusted family member.
As your lasting power of attorney. And seek legal advice to create a discretionary trust. Or other appropriate type of trust. That aligns with the particular circumstances. And financial needs of the beneficiaries.
Keeping in mind the nil rate band, potential tax benefits, and business property relief, while ensuring the trust deed, terms of the trust.
And role of trustees are clearly defined in the legal document to protect family assets such as the family home or other trust property.
Considering the value of your estate, home fees, and deprivation of assets for inheritance tax purposes, especially following the death of the first spouse, with provisions like a property protection trust.
Or irrevocable trust included in your estate planning strategy, communicated through a letter of wishes and managed expertly by a friendly team providing excellent service, who can also assist with land registry formalities.
The inclusion of trust fund assets, and the administration of your estate on a regular basis in collaboration with third parties to ensure an informed decision is made about the best option for your specific situation, whether it be for estate longevity.
Meeting the circumstances of the beneficiaries, or passing down generational wealth like your first home, allowing you peace of mind even during difficult circumstances as you address your own finances and plan for a secure future.
Protect your assets, reduce tax burdens. And create a lasting legacy for your loved ones.
Schedule a consultation for personalised trust advice today.