Countrywide’s Probate Preservation Plus Trust (PPPT) has solved all of the problems that afflict “standard” Asset Protection Trusts… but what about the final one:
Q: Can my clients use Equity Release when the main residence is held in a PPPT?
A: YES!
Q: Does the balance of equity remain within the protection of the PPPT?
A: YES! IF THE CORRECT EQUITY RELEASE COMPANY IS USED.
Let’s recap what features of the PPPT that Countrywide have discussed and highlighted during their previous webinars…
Asset Protection Trusts: Countrywide Tax and Trust Corporation Ltd have solved the following with the PPPT:
- Mitigation of 20% IHT on initial settlement
- Mitigation of Periodic Charges
- Mitigation of Exit Charges
- No IHT on first death of a married couple/civil partners
- Qualification for the RNRB if required
One issue remains outstanding that is often the undoing of an Asset Protection Trust…
What about Asset Protection Trusts and Equity Release?
Does Countrywide’s PPPT have a solution for this whilst still retaining the balance of equity?
YES!
For too long clients are being forced to remove their most valuable asset, their main residence from the protection of their Asset Protection Trust in order to access the equity. This is mostly to do with the draconian rules of the equity release providers, though some of the responsibility has to be that of the trustees not understanding their potential options.
These times are over! Countrywide are able to provide a solution for these clients whereby equity release may be possible and any residual equity is left subject to the Trust.
Our team of experts presenting the next webinar will guide you through the process, thus achieving a WIN:WIN situation for your clients by allowing to access the equity that is rightfully theirs and at the same time protecting any residual planning.
Countrywide can often provide clients with a solution who have pre-existing asset protection Trusts and also clients who are currently considering one to ensure that it is implemented and set-up in the correct manner to achieve maximum flexibility.
To learn more, register now to reserve a place on
our free webinar!
All webinars commence at 10am and finish at 11am.
Friday 6thJuly
Monday 9th July
This article was submitted to be published by Countrywide Tax & Trust Corporation Ltd. as part of their advertising agreement with Today’s Wills and Probate. The views expressed in this article are those of the submitter and not those of Today’s Wills and Probate.
