24/06/2026
βA Flexible Life Interest Trust (FLIT) is only for wealthy familiesβ
βNot necessarily β
A Flexible Life Interest Trust can be useful whenever someone wants to balance support for their partner with protection for children or other beneficiaries.
Another common misunderstanding is that a FLIT guarantees protection in every situation.
In reality, a trust only works as well as:
β
The drafting of the Will
β
The trustees appointed
β
The guidance left behind
Many people also assume the surviving partner can do whatever they like with the trust assets. Usually, that is not the case.
The assets are held by trustees, who must act in line with the terms of the trust and their legal duties.
For many families, a Flexible Life Interest Trust is less about tax and more about balancing:
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Financial support
β
Protection
β
Long-term control
If youβre thinking about Estate Planning, we offer a free initial meeting to help you understand whether a Flexible Life Interest Trust is right for your family.
Reach out to find out more π©