Flexible Life Interest Trusts (FLITs) are similar to Protective Property Trusts as they are used mainly to protect interests in properties. Oftentimes, Flexible Life Interest Trusts are used when a person making a Will has a property or properties that they rent out to receive an income. 

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You can pass on the right to receive the income from a rental property to one set of beneficiaries but leave the actual property to a different set of beneficiaries. For example, you could leave the income to a spouse or partner but the actual property to your children. 

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Benefits of a Flexible Life Interest Trust

It guarantees who benefits from your property if your spouse remarries after you die (marriage would invalidate any existing Wills).

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It protects against your spouse or partner making a new will after you die, changing their original wishes. 

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It can protect the capital value  of the property from care home fees if the surviving spouse or partner requires care in the future or enters into financial difficulty. 

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