Family Asset
Protection Trust

Like a will, our Family Asset Protection Trust (FAPT) sets out what you want to happen to your estate. But unlike a will, the trust comes into effect as soon as it’s created and your assets – property, savings and investments – are put into it. Our FAPT also combines that with an Immediate Post-Death Interest Will Trust. This would come into effect as soon as you pass away and give your spouse or civil partner income from and use of the assets in your trust immediately, to provide support when they most need it.

With the FAPT you can be the trustee, so you have complete control over it and you can make sure loved ones benefit from their inheritance during your lifetime if you wish, passing on assets at the best time for you both. You can also appoint other trustees to manage your affairs if you’re unable to, and like all Trusts it cannot be contested in the way wills can – reducing the chance of disputes or complications.

The FAPT protects your family home from potential threats to your estate such as long-term care costs and protects beneficiaries from the risk of divorce, helping you plan your legacy if you have a blended family. It minimises probate fees and delays and helps beneficiaries mitigate future Inheritance Tax liabilities, while also protecting vulnerable beneficiaries by safeguarding means-tested benefits. You control who inherits what and when, while the FAPT maintains the value of your estate for the next generation.

With our Family Asset Protection Trust:

You’re in control

  • You decide exactly how and when your wealth is passed on

    Protection

    • Your assets are safeguarded from future claims and risks, and effectively ring-fenced so they can be passed directly to your children
    • They’re also protected from bankruptcy or creditors
    • You’ll avoid Court of Protection control if you become incapacitated
    • Beneficiaries are protected from the risk of divorce
    • Vulnerable beneficiaries are protected, as their means-tested benefits won’t be affected

    Inheritance Tax

    • It can potentially save your family up to 40% of their inheritance
    • It will not affect your beneficiaries’ future Inheritance Tax liabilities on these assets

    You can avoid delays

    • Placing your assets in a Trust minimises the fees and delays associated with probate, so your loved ones can inherit in weeks, rather than months

    Your family has peace of mind

    • Unlike a will, a trust cannot be contested, reducing the chance of disputes or complications

    Your partner gets immediate support

    • They can access income right away

    You’re guaranteed smooth succession

    • Assets transfer automatically without delays

    You’re preventing family conflict

    • Your legacy is preserved for the next generation, especially if you have children from a previous relationship
    • With a clear legal structure and instructions, disputes over your estate are avoided
    • It provides a clear structure for blended families

    A tailored Family Asset Protection Trust might provide the perfect protection and peace of mind during your lifetime, knowing everything is sorted out well in advance. Depending on your situation, there may also be tax advantages to setting one up.

    If you’d like to discuss the benefits it would bring you, simply arrange a home visit today.

Talk to your Aiker Legacy Adviser

Arrange a home visit now to discuss your current situation, and which options might suit you best, and how regular reviews can help you be sure your legacy isn’t at risk. The whole process is easy, and starts by simply giving us your details.





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