An asset protection trust (‘APT’) is a trust that is put in place during your lifetime rather than coming into force on your death (as is the case with a will trust).
Some people prefer the reassurance that everything is in place during their lifetime rather than leaving assets to be used at the discretion of trustees after their death. The benefits of this type of trust include:
N.B. The assets would, however, be assessed by the Local Authority if there had been a deliberate deprivation of capital in order to avoid care costs. This is a complex area and we’d recommend that you speak to one of our advisers if you need any more information on this subject
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