LIFE INTEREST TRUSTS
Life Interest Trusts: Protecting Wealth While Providing for Loved Ones
A Life Interest Trust allows you to provide financial security for a loved one while ensuring the capital remains protected for future generations. Typically used for spouses, partners, or dependents, this structure grants the beneficiary (Life Tenant) the right to receive income or use an asset (such as a property) during their lifetime, without giving them full control over it.
Why Consider a Life Interest Trust?
Asset Protection – Ensures wealth is passed down securely to the next generation.
Providing for a Spouse or Loved One – Guarantees income or home use while safeguarding capital.
Inheritance Tax Planning – Potential tax efficiencies while keeping control of assets.
Preventing Unintended Beneficiaries – Ensures assets go to the chosen heirs, avoiding risks like remarriage complications
How It Works:
The Life Tenant (e.g., a surviving spouse) has the legal right to income from the trust or to live in the property.
On Their Passing, the assets are passed to the next chosen beneficiaries (e.g., children, family members, or charities).
Trustees Manage the Assets, ensuring the trust operates according to your wishes.
Speak with us today about setting up a Life Interest Trust tailored to your needs.