FTAdviser.com

Advertising

An Asset Protection trust allows clients who are concerned about their estate to ring-fence assets such as property from the potential cost of long-term care. It can also secure assets in a tax efficient way for the named blood line beneficiaries to the exclusion of future estranged sons in-law and daughters in-law unless specifically included by the client.

Bob Hope, sales and marketing director for BDS Mortgage Group, said the client would retain control and full benefit from all of the assets within the trust, working fully with all relevant legislation.

He said: “About 12 homes are sold every hour to fund care fees so the potential for this product is huge. At a time when we are all looking to boost cash flow, I urge brokers to switch on to this opportunity as for a referral-only service the fee is generous.”

Steve Long, managing director of Universal Asset Protection, said: “We know from experience that this is an excellent opportunity for them and, with over 40 brokers signed up for more training, we are confident that our Asset Protection trust planning will not only be of interest to their current client base but will give the opportunities to create new clients.”