A Family Asset Protection Trust is a Lifetime Trust to protect your Family Home from financial damage such as sideways disinheritance, bankruptcy, divorce, creditors and care home fees. The great advantage of this powerful structure is that it protects your family home while you are still alive.
How the FAPT works
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You maintain control over your property whilst alive and even after your death.
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FREEDOM & FLEXIBILITY: Even after you have placed your Family Home into the FAPT, you still have the authority to sell the property and use the proceeds to purchase another property.
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The FAPT lasts up to 125 years and can be extended, giving you the reassurance that future generations of your family can be protected.
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REDUCE TAX BILLS: The FAPT can potentially reduce your descendants from paying a significant amount of Inheritance Tax.
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AVOID PROBATE COSTS: The FAPT will eliminate the need for Probate on your family home on second death.
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PROTECT ASSETS: The FAPT can protect your Family Home in the event of second marriage, sideways disinheritance, probate fees and can assist in care fee planning.