New Lifetime Trusts
New Lifetime Trusts.
Following many requests we are now able to offer you LIFETIME TRUSTS.
These include the following;
ASSURANCE TRUST. Designed to take the proceeds from any new or existing Life Assurance Policy.
MORTGAGE TRUST. Designed to take the proceeds from any new or existing Life Assurance Policy initially earmarked for mortgage debt repayment.
ASSET PRESERVATION TRUST. Designed to take proceeds from Pension Plans as a Spousal Bypass Trust.
The benefits to your clients are;
Benefits payable to chosen beneficiaries free of Inheritance Tax
Benefits payable to chosen beneficiaries prior to and without the need for probate
Funds in the trust are not affected by any challenge or variation to the Will
Funds can be retained within the trust for up to 80 years
Loans are available to beneficiaries from the Trusts for tax and estate planning purposes
Each Trust comes with Solicitors guarantees meaning you as the financial adviser do not take the risk of advice.
The cost of these are £275 plus vat per Trust.
Applications are available as PDF's on our web site at www.thewillcompany.com
Payment is needed upfront before an application can be commenced. We anticipate from application to complete draft will take 6-8 weeks, but hope to do so quicker.
Advisers already using this facility are charging clients between £750 and £1500 per trust. Solicitors will charge in excess of these figures. You can charge what you deem to be appropriate and keep the difference.
We are sure you will want to use these products rather than the Industry provided drafts based on the removal of your liability for the trusts effectiveness.
Each Trust comes with a solicitors guarantee, a reason why letter and is bound with metal spine and clear plastic covers for protection. They are personal to each settlor and can allow you to create a new income stream as well as help your client protect their estate from social events and tax.
These can be covered more on the new Training courses we are holding during 2010, the first of which is on 14th January.
Please let us know if you wish to provide this valuable service to your portfolio of services.
Kind regards,
Steve Oliver.
Posted Date: 27th Jan 2010