The Family Legacy Trust Plan ™ (FLTP) is our most popular trust structure for Clients looking to protect their legacies when passing onto beneficiaries and where protection is important. The framework delivers lifetime benefits, shields and protects estates as well as leaving inheritances protected for intended beneficiaries. It is typically family controlled and uses Trust and Will precedents developed by our legal partners.
Unlike a Will Trust the FLTP Trust Plan framework can be used to protect lifetime transfers to beneficiaries as well as residual estate values on death. Use of the framework can specifically protect the benefits from social impacts such as divorce or separation of a beneficiary and can also deliver additional tax benefits to the beneficiaries estates (up to £40,000 for every £100,000 directed via the Trusts).
The FLTP Trust Plan framework represents leading edge planning and helps to deliver significant benefits to clients. The framework is always created during your lifetime with a £10 Trust Fund in each Trust. It does not require you to transfer assets into Trusts during your lifetime unless it forms part of advised planning. Once established the framework is flexible and allows clients to easily change the distribution of their estate as many times as required.