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Asset Protection Affects You!

Asset protection isn’t normally though about until the time people need it. Most people over their lifetime have built up assets and they would love to have the security that they can be protected.They wish to maintain control but at the same time give themselves peace of mind that they can pass them on securely. With a little foresight and a bit of help this can now be achieved using the Asset Protection Trust.

Many people associate an Asset Protection Trust as a way to protect their home and savings from being used to fund expensive care fees ^[2] but there are many other benefits that can apply:-

^[3]No probate fees or delays
No estate claims
Protection from bankruptcy
Protection from relationship failure
Protection for benefit dependent beneficiaries

The Asset Protection Trust is a ‘life interest trust’. It will protect your clients assets and will grant them a life interest in them as a ‘principal beneficiary’.  After their death it becomes a ‘discretionary trust’ and holds the assets within it for their chosen beneficiaries.

Arrange your asset protection trust today

Costs start from £1.995 plus VAT for an individual however most people elect to review thier estate planning arrangements and take the opportunity to review or set up Property and Financial Affairs Lasting Power of Attorney, Health and Welfare Lasting Power of Attorney and a Will. The trust planning is guaranteed to save the beneficiaries more than the cost of the planning.

For clients with assets above the current inheritance ^[4] threshold additional solutions are available to protect their assets from inheritance tax ^[4].

Don’t leave your assets exposed, asset protection can help