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The Property Life Interest Trust protects your home for your family and ensures your partner can live safely for life. Clear, balanced guidance with real examples.

Complex families often come with complex requirements to meet their long-term goals, and matters can be made more difficult when each testator has separate goals or concerns in mind. These goals usually revolve around the inheritance the children are to ultimately receive and when they receive it, and in certain cases, if they inherit at all. Using a Life Interest of the Residuary Estate can cater for most family needs for a number of reasons;

A Flexible Life Interest Trust (FLIT) – the modern family trust – combines the protection of a property trust with the flexibility of a discretionary trust, helping modern families balance security and control.

Discover how a Discretionary Trust can protect your loved ones from financial risks and safeguard assets while offering flexibility and potential inheritance tax advantages.

A clear guide to protecting a vulnerable or disabled loved one through a Vulnerable Person Trust in your Will. Understand how it works, benefit protection, and why most families choose a testamentary structure.

NRBDTs are simply discretionary trusts that take assets up to the value of the Nil Rate Band (NRB). The assets held in the trust are seen as owned by the trust and not by the trust’s beneficiaries and, therefore, are not part of the beneficiaries’ taxable estates.

Couples usually buy a property together as joint tenants, which means they both own the entire property, and the ownership automatically transfers to the surviving owner in case of one owner's death. If you want to gift your share of the home in your Will, you must change the ownership to tenants in common

Including a right-to-occupy trust in your will, you specify that you give someone the right to live in one of your properties. You can specify if this arrangement is for a set time, such as 3 years or for the rest of the person’s life.

A Declaration of Trust records each owner’s financial contribution and share in a property. It protects everyone’s interests, clarifies ownership, and prevents future disputes, especially for unmarried couples, family members, or joint investors.

We should always consider Pets (the furry, scaly, feathered type). You may be pleased to know you can make provisions for them in your Will. Pets can be included in your will through an animal-purpose trust, which ensures their care and upkeep.

Business property relief can significantly reduce or eliminate inheritance tax on business assets. Many UK businesses could be eligible for up to 100% relief. However, this complex area of estate planning often necessitates additional professional advice.

SHOULD YOU GIVE YOUR HOUSE TO YOUR CHILDREN NOW? USUALLY NO! Of course, it depends on the reasons and individual circumstances. Clients often tell us that either an advert on Facebook, usually with brightly coloured writing, or “Dave” down the pub said it is the best thing to do to avoid “well basically” everything from probate to care fees.

Asset Protection Trusts (APTs) are a valid and effective tool for estate planners when used in the right circumstances. These trusts often come with higher fees, making them an attractive option for some to pursue higher profits without fully appreciating the risks and considerations involved in advising clients. A lack of understanding can lead to FALSE OR MISLEADING CLAIMS.