Protect your children’s inheritance from Creditors on Bankruptcy and Insolvency.
If you gift your assets totally (“absolutely” in legal language) on death, they become the full property of the beneficiaries. This means that the assets are unprotected and can then be taken or attacked from creditors on bankruptcy or insolvency (such as IVA’s) of your beneficiary. Your hard-earned money could be wasted and lost […]
Access equity from a property in Trust UK
Many clients consider placing their property into an “Asset Protection Trust” such as a Probate Preservation Plus Trust during their lifetime for a variety of reasons. Once the property is held on Trust, it is often believed to be difficult to obtain funds from the property value through equity release, as the settlor is no […]
Protect your assets
Asset Planning in Your Lifetime Some estate planning can be made while you are alive. Assets could potentially be gifted to beneficiaries before your death. This could prove extremely tax efficient in terms of Inheritance Tax, as assets gifted away are fully outside of the donor’s estate 7 years after the gift is made. However, rather […]
Assets above the Nil Rate Band NRB
Life Interest / Interest in Possession Trusts For married couples or civil partnerships the Interest in Possession Trust could be utilised to cater for the residue over and above the Nil Rate Band. The Interest in Possession Trust can provide the flexibility for the surviving spouse (or any other appointed Trustees) to release capital from […]
Protection from long term care fees
Protect your home from having to be sold to pay for long term care fees. You probably know who you want to leave your home to, but did you know that if you own your home jointly with your partner, there is a scenario where you or your partner could be forced into selling to […]
Changes or events in your life that will impact your Will and Estate Planning
“Change is good” is a phrase used by many people, but it can also be something that can cause great doubt and concern. We understand that, and are here to help you with any changes or events in your life that could impact your estate planning. A change in your life could mean your Will needs updating […]
Marriage after death – protect your children’s inheritance
In the run of things, it is normal that you would want your estate to pass to your spouse and then to your children after you die – and this is provisioned for within your Will. But even if you do have a Will, you may be surprised that there are scenarios where your wishes may […]
The threat to your estate if your beneficiaries get divorced
This is not something that anyone necessarily wants to think about, but in life we need to plan ahead for events that we never want to happen. In this case we are looking at the threat to your estate if your beneficiary gets divorced. For example; if in your Will you gift your assets absolutely […]
Will Clarity Statements
Will Clarity statements prove the validity of your Will and protects it from challenges. Inheritance disputes brought to court are a real thing and happen more often than you might think. These can be very distressing for all involved and lead to big rifts in families, the last thing you would want for your legacy. […]
Dementia and planning for the future
The NHS reports that there are more than 850,000 people in the UK who live with Dementia. This equates to one in 14 over the age of 65, and 1 in 6 people over the age of 80. The Alzheimer’s Society also estimates that there are at least 42,000 younger people also living with Dementia. […]