The Spouse Protection Trust Plan ™ (SPTP) is our wide ranging trust structure for Clients looking to protect their spouse when passing assets to each other on death. This helps ensure the interests of the surviving spouse are protected and limit the impact of future long term costs. 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. Use of the framework can specifically protect the benefits from social impacts such as failing health as well as future divorce or separation of additional beneficiaries. In common with our other bespoke structures it can also also deliver additional tax benefits to the beneficiaries estates (up to £40,000 for every £100,000 directed via the Trusts).
The SPTP 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 required.