The Trust Decision Tool and Trust Form Finder are targeted at advisers with little or no knowledge of trusts who feel they are too complicated to understand and are not confident enough to recommend them.
Rachael Griffin, financial planning expert at Old Mutual Wealth, said: “Trusts are under-utilised, yet they can be a really powerful tool for advisers to use with their customers.
“Those investing significant sums in an offshore portfolio bond will be the type of customer who is in greatest need of wealth planning, and using trusts can help mitigate tax exposure and protect their assets for their beneficiaries.
“Choosing a provider with a full range of trust options will help ensure the customer’s needs are fully met and assets are placed within the most efficient trust wrapper.”
The Trust Decision Tool is now available on the Old Mutual International website and take advisers through a few simple questions before suggesting the most suitable trust.
The Trust Form Finder will be available on the company’s website In the coming weeks and will automatically select the required documentation for the customer and adviser depending on which trust they select.
Trusts are typically utilised in complex family situations such as forced heirship, avoidance of probate, or to mitigate inheritance tax liabilities and for the purposes of protection and control of assets.
The launch of the tools follows the launch of Old Mutual International’s new online trust hub, titled “Trustability”.
Old Mutual International is the cross-border business of Old Mutual Wealth.
