The Dangers

Worried Couple - AdobeStock_459451379 x 1000.png

Even if you do have a Will in place, assets left directly to your beneficiaries may be open to "attack"

Phil & Carol are married and have two children, Jenny & Lorna.....

MARRIAGE AFTER DEATH

Phil dies and leaves everything to Carol. Carol remarries Mr X but later gets divorced.

Without a strategy in place, 50% or even 100% of Carol's beneficiaries’ inheritance could be lost.

DIVORCE & BANKRUPTCY
Both Phil & Carol have died, all assets passing to Jenny & Lorna.

Without a strategy in place, their beneficiaries would own assets “absolutely” and could potentially lose them in any future divorce or bankruptcy settlements.

POWERS OF ATTORNEY
Phil has lost his mental capacity and cannot make decisions about his financial or health matters.

Without a strategy in place, the family cannot make key decisions on his behalf or manage his affairs for him - This is true even between husband and wife on assets and/or accounts held individually and on medical issues.