Flexible Life Interest Trusts

Planning for tomorrow means securing today. A Flexible Life Interest Trust provides lasting security for you and flexibility and peace of mind for your loved ones.

What is a Flexible Life Interest Trust ?

A FLIT is a form of legal tool which can be put into your will to make sure that your beneficiaries are looked after, even when you are not around to oversee things.

It enables you to give your spouse or partner income for life, and retain the capital for your children or other nominated beneficiaries.

Who Might Need Such a Trust?

A Flexible Life Trust is suitable for anyone who wishes to provide for their surviving spouse and protect their inheritance for the next generation.

It’s particularly useful for mixed families or when continuing control over assets is a concern.

How Does This Trust Benefit a Surviving Spouse?

The trust pays your spouse or partner a regular income from your estate, ensuring that they are financially secure.

Made with a Life Portable structure, this benefit can be customized for living expenses, medical costs or personal financial needs.

How Does a Flexible Life Trust Support Your Family’s Future?

A Flexible Life Trust is more than a legal tool—it’s a safeguard for your loved ones. From care costs to inheritance planning, it offers security, control, and lasting protection.

Can the Children Benefit While the Spouse Is Still Living?

Yes, trustees can pay capital to children or others if it is necessary in the circumstances. With a Flexible Life Trust you can make partial distributions even before the surviving spouse dies – to meet family need as it arises.

What Truly is Flexible About This Trust?

The power of the Flexible Life Interest Trust comes from the powers that the trustees have been given. They have the authority to modify, reform, or shift around the trust as it benefits the family or fits better with current financial conditions.

How Are the Costs of Care Under This Trust Controlled?

If the remaining spouse relocates to a care home the money in a Flexible Life Trust is commonly protected from being used to pay for care fees. This will help you avoid diminishing the inheritance for your children more than is necessary.

Is there anything I can use my Trust for other than cash and savings?

No, the Flexible Life Trust can also hold a variety of different assets, such as property, business interests, shares or other investments. This will suit those with mixed assets portfolio who wish to retain control over the future use and destination of their estate.

After My Death, Who Is in Charge of the Trust?

The trustees that you appoint take over when your will takes effect. Their job is to carefully manage the Flexible Life Trust and distribute income or capital as per the terms you’ve set up, and indeed based upon the needs of your beneficiaries.Is This Trust Useful for Inheritance Tax Planning?

Yes – if you have a correctly formatted FLIT will make a difference to the amount of IHT that is payable. As the assets do not pass automatically into the surviving spouse’s estate, they could be outside of the tax bar on the second death on passing to the next generation.Are There Dangers If I Do Not Establish a Trust?

In the absence of a trust, there is the possibility your assets will be distributed in a manner that does not align with your desires. Without a Flexible Life structure there can be tax problems, disputes or a loss of control over how your estate is applied.

When should you consider a flexible life interest trust?

The best time to act is before things close out of the blue. Establishing a Flexible Life Interest Trust in advance could help protect loved ones and make sure your wishes are maintained. Whether you’re a new family, a growing family, or an established family with important gifts you’d like to be certain are protected, you have made plans for your future already.

Flexible Life Interest Trusts

What is a Flexible Life Interest Trust ?

How Does a Flexible Life Trust Support Your Family’s Future?

After My Death, Who Is in Charge of the Trust?

When should you consider a flexible life interest trust?

Protect Your Family Today

Protect Your Family Legacy: Life Interest Wills Essential

Protect & Secure Your Family’s Future

Protect Your Assets and Future for Married Couples & Parents

What if a beneficiary named in a will cannot be located?