Protecting Your Assets

Making a Will is a good start, but you may also want to consider the following issues:

Protecting your Children’s Inheritance:

Some, or all of your children’s or grandchildren’s (bloodline’s) Inheritance could be lost without the correct “Bloodline Planning”

The Divorce or Separation settlements of future generations.
Creditors or Bankruptcy claims.
Their Care costs and further Inheritance Tax bills.

Protecting your home and assets from Care Costs:

Only those who have very few assets will escape the costs of Care.
If you fail to act now:

Your home may have to be sold to pay for your Long Term Care costs.
Your savings and investments could be wiped out.
Any income would be assessed and used towards the cos of your Care.
Your children and grandchildren could lose their entire Inheritance.

Protecting the family business:

Naturally, you would want to ensure that your loved ones benefit fully from your business.

Without the appropriate Business Succession strategies:

Your spouse/ partner and children may not inherit your share of a business.
Business partners may not be able to buy out the Deceased’s share.
The surviving spouse or children may be obliged to take over the running of the business.
The value of the business could depreciate owing to the inexperience of any Beneficiary.
The business may have to be sold and the proceeds become liable to Inheritance Tax.

The absence of a will can cause problems

For a small investment of time and money you can choose exactly what you want in your Will, protecting your loved ones whilst enjoying peace of mind.