Protection Trusts
Trusts – Protecting your Home & Finances
Many clients say, “I just want a simple Will“. That’s okay if you want to leave things to someone with no strings attached. But, what if:
- Your surviving spouse meets someone new who then inherits instead of your children?
- You want to avoid your son-in-law or daughter-in-law inheriting your assets?
- Your children are going through a divorce?
- You want to minimize paying for “unfair” care costs?
- A vulnerable beneficiary would not be able to cope?
Then a “simple” Will could be terrible for you, causing your estate to go to the wrong person or even the taxman.
Instead a Trust is likely to be the best solution. Whilst this might just be a Trust within your Will, for many people a Family Protection Trust to protect your assets with immediate effect may be the answer. It’s like having your own personal safety deposit box.
Used in conjunction with your Will, a Family Protection Trust helps ensure your family’s future inheritance is preserved for their benefit.
Why are family protection
trusts so popular?
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N.B. UK trusts in existence on or after 6 October 2020 must now be registered with the UK Trust Registration Service (TRS), an online system created by HMRC. Further details can be found at gov.uk/guidance/register-a-trust-as-a-trustee
For a unique but affordable solution