Asset Allocation Trust

Asset Allocation Trust
£3,975.00

An Asset Allocation Trust (AAT), also known as a Lifetime Protection Trust, is a type of trust that you set up during your lifetime to hold and manage your assets. It's a versatile estate planning tool designed to protect your wealth, provide for loved ones, and potentially reduce inheritance tax.

How it works:

  1. Transfer of Assets: You transfer assets, such as property, investments, or cash, into the trust.
  2. Trustees: You appoint trustees who will be responsible for managing the assets according to your wishes, as outlined in a trust deed.
  3. Beneficiaries: You specify who will benefit from the trust. This could be yourself, your spouse, children, grandchildren, or others.
  4. Lifetime Benefit: You can retain some control over the assets during your lifetime, depending on how the trust is structured.
  5. Protection and Distribution: The trust provides protection against various risks, such as bankruptcy, divorce, or claims from creditors. Upon your death, the assets are distributed to your beneficiaries according to the terms of the trust.

Key benefits of an AAT:

  • Asset Protection: Safeguards your assets from potential threats and ensures they are used in the way you intend.
  • Inheritance Tax Planning: Can help reduce or mitigate inheritance tax liabilities through careful structuring.
  • Provision for Loved Ones: Ensures your loved ones are financially supported and protected after your death.
  • Flexibility: Can be tailored to your specific needs and circumstances, offering various options for asset management and distribution.
  • Peace of Mind: Provides reassurance that your assets are managed effectively and your wishes will be respected.

Who should consider an AAT:

  • Individuals with significant assets
  • Those concerned about protecting their wealth for future generations
  • Those seeking to minimize inheritance tax liabilities
  • Those looking for a flexible way to manage and distribute their assets

If you'd like to learn more about Asset Allocation Trusts and explore whether they are suitable for your needs, please don't hesitate to contact us for a consultation. We can guide you through the process and help you make informed decisions about your estate planning.