There are more than 30million adults without a will in place
Now you can protect your Assets from the five areas of attack! I wanted to alert you to a new service I’m offering called the Asset Protection Strategy.
Its purpose is to protect your wealth and assets via carefully constructed Wills and Trusts – and to protect them not just during your lifetime but for generations.
The Asset Protection Service covers 5 key areas
If you die your assets go to the surviving Spouse, but what happens to the assets if they remarry?
Put a strategy in place to reduce your potential liability and | in many cases, remove tax altogether.
Makes sure that once your children receive an inheritance, it cannot be attacked by divorce settlements or creditors.
Should you need to go into long-term care your home, if written in Trust will be protected from being sold to pay the bill.
If you have life insurance or death in service benefits with an employer, then where are the benefits paid? Could this lead to a future tax problem? What options do you have?
What the Asset Protection Strategy Achieves
MAD Placing half of the family home and other assets into Trust on first death ensures that, should the surviving spouse remarry, those assets cannot be taken into the second marriage. This removes any threat of the children being disinherited. The survivor is still able to use the assets in the Trust in their lifetime.
Placing the assets into Trust on death ensures that, if the children or chosen beneficiaries are subject to divorce proceedings, the inheritance they received is protected in any divorce settlements.
Placing the assets into Trust on death ensures that, if any beneficiaries are subject to creditor claims or even bankruptcy, their inheritance cannot be taken into account in any claims.
Holding the assets in Trust ensures that they do not add to the survivors own estate and so cannot be assessed by a Local Authority for care costs. This means it is more likely that the family home and other protected assets will pass to the chosen beneficiaries.
Writing a Life Assurance policy into Trust will ensure that any benefit payable will not be included as part of the beneficiaries estate and therefore cannot be included in any divorce or bankruptcy settlements and for any care cost or inheritance tax assessments.
Nominating any pension benefits to be paid directly to Trust will ensure that it will not be included as part of the beneficiaries estate and therefore cannot be included in any divorce or bankruptcy settlements and for any care cost or inheritance tax assessments.
Registering Powers of Attorney means that a trusted person(s) has been appointed by you, to act on your behalf when you are no longer able to do so.
Holding the assets in the trust ensures that they do not add to the beneficiaries’ estate and therefore cannot be included in any Inheritance Tax assessments.
To arrange a free, no obligation meeting to discuss your circumstances and requirements, please contact me