Understanding Quilter's Range of Trusts

Understanding Quilter’s range of trusts 1 Absolute trust (Includes the irrevocable designated account) A simple IHT solution where the client does not require access to the capital, knows who they want to leave their wealth to, and requires no future flexibility. 2 Discretionary trust settlor included Provides clients with control and flexibility over how wealth is distributed. As the client is also a beneficiary, it is not IHT efficient. 3 Discretionary trust – settlor excluded An IHT solution for clients who do not require access to capital and want control and flexibility over distribution of wealth. 4 Best start in life trust A discretionary trust that provides clients with an IHT-efficient way of passing on wealth either during their lifetime or on death, and can provide tax-efficient payments for the benefit of minors (e.g. to pay for schooling). 5 Excess income trust A discretionary trust that uses a client’s excess income to build a nest egg for beneficiaries in the future, free of IHT. 6 Discounted gift trust – bare The client gifts money to a trust and receives regular fixed capital payments for the whole of their life or until the fund runs out – no discretion to change beneficiaries. 7 Discounted gift trust – discretionary The client gifts money to a trust and receives regular fixed capital payments for the whole of their life or until the fund runs out – discretion to change beneficiaries. 8 Lifestyle trust A flexible solution where the client gifts money to a trust and has the option of taking capital payments plus any growth at fixed points in the future. 9 Loan trust – bare Provides clients with unrestricted access to the original capital invested, with future investment growth being outside of the client’s estate for IHT– no discretion to change beneficiaries. 10 Loan trust – discretionary Provides clients with unrestricted access to the original capital invested, with future investment growth being outside of the client’s estate for IHT– discretion to change beneficiaries. Our range of trusts IHT efficiency Beneficial for estate and inheritance tax planning Flexibility Trustees have flexibility to change beneficiaries Access Can provide the settlor with access to capital 2 7 8 10 4 5 3 1 9 6 Blending access, flexibility and inheritance tax (IHT) efficiency to help meet the needs of your clients