Trust Planning

Using Trusts to Protect your Legacy

A trust is a legal concept that started in the Crusades and has been developed over the centuries to become a robust mechanism used the world over.  

By using trusts to protect your assets, you are able to specify how and when your beneficiaries will receive a benefit from your estate.  You can impose conditions or time limits on gifts to individual members of your family.  This can be of enormous benefit to their long term security.

Leaving absolute gifts in your will:

  • Your son or daughter's estranged spouse could receive a nice windfall from your estate.
  • If your husband or wife who goes into care after your death may be forced to use the estate to pay for that care.
  • After your estate has paid inheritance tax, the inheritance you leave your beneficiaries maybe subject to more inheritance tax when they die.

Making gifts via trusts you are able to:

  • Protects your son or daughter from losing their inheritance in a divorce.
  • Reduce the risk of losing your estate to the local authority to pay for your spouse's care fees
  • Delay the gifts to your children or grandchildren until they are responsible enough to appreciate it.

 

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Strategic Asset Protection can guide and help you with a wide variety of specialist legal services from asset protection, estate planning and lasting power of attorney to will writing and trust planning. We do this through an exclusive platform that provides insight into the strategies we advise upon and lets you learn at your own pace with videos that are not available in the public domain. Please watch the explainer video below and register, it doesn't take long and you will have access to information to continue your learning. We believe if you don't understand the estate planning strategies then you will not make the step to protect yourself and you are left exposed. Let us give you peace of mind and access to an experienced advisor who can then answer any questions and implement the appropriate planning using tried and test strategies. 

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