Flexible Family Trust

This trust deals with the Residence Nil Rate Band (deaths from 6 April 2017). The law states that the share of the property must pass to the lineal descendants absolutely, or by a qualifying interest in possession. As with the Family Trust, the Flexible Family trust (FFT) has exactly the same benefits as regards protection of the trust assets, but the drafting of this trust specifically deals with the Residence Nil Rate Band, to ensure this allowance is secured for the lineal descendants