Administered by authorised professionals, our Family Asset Protection Trust service meets strict regulatory standards.
Even the most sophisticated will can only give you limited control over how beneficiaries can utilise your assets to protect from issues like long-term care costs, sideways disinheritance, divorce, and bankruptcy. Essentially, a will only applies when you’re dead and offers no protection against these threats to your estate beforehand.
In contrast, when you transfer your assets into a FAPT while you’re still alive, you protect them for the rest of your life and beyond.
0333 577 9774
Mon-Fri, 9am-5pm
Fill out the form and one of our friendly experts will call you back at a time that suits you.
By submitting this form, you agree to our privacy policy. We’ll never share your information.
Placing your assets in a Trust doesn’t mean you lose control. Far from it, because the trust has Beneficiaries and Trustees, and you (aka the Settlor) will usually be both. You can even appoint extra Trustees such as your partner or adult children.
Also, a Trust is much more preferable to transferring property directly to your children, which can be a minefield.
FAPTs can be useful to any adult with assets and the mental capacity to enter into a contract. It makes little difference what your assets are actually worth, or whether you’re single, a couple, co-habitees, same-sex couples, or widows/widowers. In addition, assets can mean many things — property, art, valuables, money, investments, and more.
Your Consultant will be happy to explain to you how you can best take advantage of the considerable benefits that the FAPT provides.
The FAPT isn’t designed to save you Inheritance Tax and Capital Gains Tax; however, it could still save future generations of your family very significant amounts of money in Inheritance Tax and Income Tax. Your Consultant can provide several examples of such scenarios; however, as we are neither accountants nor financial advisers, we always recommend you seek advice from suitably qualified people depending on your personal circumstances.
In truth, there are no alternatives to a FAPT that offer anything like the same protection. We’ve mentioned transferring your property to your children directly. In practice, this can be very dangerous. What if they got divorced, became bankrupt, or even passed away before you? What if your relationship with your children broke down? At the very least, not having a FAPT could mean them facing huge Inheritance Tax bills, but more real is the possibility that their share of your home could easily pass into the hands of others.
Altogether, Estate Planning is too serious to gamble with your family’s future.
The Family Asset Protection Plus Trust (FAPT +) is simply the most comprehensive trust of its type, designed
to remove the concerns that many have when placing their home into trust.
As well as the usual Nil Rate Band, the FAPT+ can ensure that your estate can still benefit from an ADDITIONAL
Inheritance Tax allowance called the Residence Nil Rate Band (RNRB) meaning a potential tax saving of up to
£140k in Inheritance Tax (qualification criteria applies)
Holding assets in a FAPT+ can ensure that these do not add onto your beneficiaries’ estates, increasing their
own estate values on death and creating a much larger Inheritance Tax bill for future generations (their own
beneficiaries) to pay and so losing more of their inheritance than necessary!
Different types of will offer different levels of protection and flexibility. Our interactive tool helps you find the option that best suits your needs.
Real stories from families we’ve helped protect their legacy.
