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Lifetime Interest Trusts

Lifetime Interest Trusts allow a particular dependant a ‘life interest’ which gives them the right to receive income from, or use the specified asset stated within the Trust for the rest of their lifetime. For example, this trust could be used if you wanted to make sure your children from your first marriage, received your assets but without depriving your new partner/spouse.

If you’ve decided who obtains your assets when you are gone, a Life Interest Trust is an excellent way to ensure that your wishes are carried out. Using this type of trust allows you to specify who owns the rights to your assets and protects everyone involved at the same time. This is a common problem, which Perfect Wills & Estate Planners can resolve, with just a little forward planning.