Trusts

We will work with you to understand your situation and needs,
then develop personalised advice to help you achieve your goals.

What you should know:



Right money

You can use a trust to give some or all of the benefits on your plan to other people. This means that the benefits you give away would not be part of your estate if you die, and would not usually be subject to inheritance tax.

Inheritance tax is currently payable at 40% on any part of an estate valued over £325,000 (2017*). If you don’t put your plan in trust, any money it pays out is added to your estate.



Right hands

Our trusts are flexible, which means you have control over who will benefit from your cover and who will be responsible for making sure that happens.

When you’re setting up a trust you have control over who will administer any money paid out from a claim (the trustees) and who will benefit from any money paid out (the beneficiaries). You can also make sure you receive any benefits that you want to keep for yourself, for example a payment following a critical illness claim.



Right time

If you put your plan in trust it allows us to pay any claim you make more quickly than we could if the plan was not put in trust. If you die without putting your plan in trust, your representatives may have to obtain a Grant of Representation before they can deal with your plan. This process can take several months.

Putting your plan in trust can avoid this delay. We have several trust forms available. Your financial adviser can help you decide which one best suits your Circumstances.

*If you give away your home to your children (including adopted, foster or stepchildren) or grandchildren, your threshold will increase to £425k (as of April 2017).

Wills

We will work with you to understand your situation and needs,
then develop personalised advice to help you achieve your goals.

What you should know

At Mint we understand that wills can be an emotive and extremely sensitive subject; this is why we can now offer a personal and professional will writing service. Not having a will can cause all sorts of problems for those loved ones that are left behind.

Many people think that everything is automatically left to their next of kin but unfortunately, this isn’t always the case. A will can help you make your wishes clear, so that there can be no errors.

Everyone should have a will, whether you are a married couple, an unmarried couple, divorced, separated or single parents living with young children.

Growing old costs people money. More than 1 in 3 people aged over 65 will need some form of care, either via a Residential Care Home or by being cared for in your own home. Whilst your retirement should involve luxury holidays, dream cars and treating families, often this care can cost people their homes!

According to recently published Government statistics 69,000 homes are seized every year to fund Care Home fees. Whilst we can do nothing about these ever increasing costs, we can prevent our homes being taken away from us – but how?

By making arrangements in your will and splitting the ownership of your property. This way, each separate half share of the house can be given away in your will, creating a lifetime interest for your surviving spouse. This fully protects your home and secures an inheritance for your children and loved ones. Mint’s aim is to make the process of making a will as straight forward and simple as possible. Wills are not provided through Mint and are referred to a preferred specialist supplier.

Wills are not regulated by the Financial Conduct Authority.