Writing a Will, ensuring the most effective legal ownership of your home and setting up Trusts, meaning that your assets are protected from attack in the following circumstances:

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✔    MARRIAGE AFTER DEATH

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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. survivor is    

still able to use the assets in the Trust in their lifetime.

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✔     DIVORCE

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Placing assets in trust on death ensures that , if the children or chosen beneficiaries are subject to divorce proceedings, the inheritance they receive is protected in any divorce settlements.
 

✔    CREDITORS OR BANKRUPTCY

 

Placing assets in 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.

✔    CARE

 

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.
 

✔     LIFE ASSURANCE POLICIES

 

Writing a life assurance policy into Trust will ensure that any benefit payable will not be included as part of a beneficiaries’ estate and therefore cannot be included in any divorce or bankruptcy settlements and for any care cost or inheritance tax assessments.
 

✔     PENSION / DEATH-IN-SERVICE BENEFIT

 

Nominating any pension benefits to be paid directly to Trust will ensure that it will not be included as part of any beneficiaries’ estate and therefore cannot be included in any divorce or bankruptcy settlements and for any care cost or inheritance tax assessments. 

  

✔     POWERS OF ATTORNEY

 

Registering Lasting 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.

✔     FURTHER OR GENERATIONAL INHERITANCE TAX

 

Holding assets in the trust ensures that they do not add to the beneficiaries’ estate and therefore cannot be included in any Inheritance Tax assessments.

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