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ASSET ALLOCATION TRUST

An Asset Allocation Trust (AAT) is an Estate Planning tool that can be an extremely effective step in preserving your assets for your chosen beneficiaries. 

Let's take a look at some of the benefits of this popular planning tool. 

01

Reduce probate fess & delays

Having an asset such as a property in an Asset Allocation Trust can remove the need for a grant of probate to be issued on the contents of the Trust thus eliminating or reducing the estate administration costs and providing your administrators with more time to focus their efforts elsewhere

02

TAX EFFICIENT 

The Asset Allocation Trust still provides full access to the Residential Nil Rate Band (RNRB) and removes the need for 10 yearly IHT and exit charges

03

no sideways dis-inheritance 

The final beneficiaries of the Trust are able to choose how and when they inherit. They may be going through a difficult divorce or a troubled relationship and inheriting soon after the death of a parent, may not be in their best interests so ultimately their inheritance can be protected

04

PROTECTION ON FIRST & SECOND DEATH

Will Trusts such as a Property Protection Trust (PPT) are also good Estate Planning tools but protection can be limited. The Asset Allocation Trust can provide effective protection on first and second deaths for couples

05

PROTECTION AGAINST RE-MARRIAGE

If we look into the above point in more detail, a surviving partner or spouse may enter into a new relationship and co-habit or re-marry. If a marital home has previously been placed into Trust for a set group of beneficiaries then this will be the final outcome, the asset will be preserved for them and it will not pass to any new spouse or partner

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ASSET ALLOCATION TRUST

 

FROM £1500

Request a Call

 info@taylorlucas.co.uk  |  Tel: 01543 220969

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