Protection Trusts

Trusts

There are many issues an estate can face that cannot be addressed by a Will alone.
Your Estate can face a number of issues

EXECUTRY/PROBATE COSTS

Executry/Probate costs can significantly reduce the amount your beneficiaries receive. It can also take a significant time before your estate can be released. Assets in a Trust are not affected by the Executry/Probate process. This greatly reduces the amount to pay in legal costs and the assets can be distributed straight away.

SIDEWAYS DISINHERITANCE

People are increasingly remarrying after their partner has passed. Often, Wills are redone to leave the surviving partner’s estate to their new partner. The new partner can then, effectively disinherit the surviving spouses children. Leaving assets through a Trust can avoid this.

CHILDREN WITH PROBLEMS

Sometimes it is not wise to leave a lump sum to a child. If a child inherits through a Trust, that inheritance is protected against:

  • >

    Matrimonial Issues – the inheritance would not be taken into assessment in any divorce

  • >

    Financial problems – creditors cannot lay a claim against the inheritance

  • >

    Disability benefits – Inheritance not taken into account for assessment

  • >

    Alcohol, drugs or gambling problems – sometimes a child needs t be protected for their own good.

  • >

    Legal Rights (in Scotland) – Although it is difficult to disinherit children through a Will in Scotland, having your assets in Trust avoids this issue

INCAPICITY

Having a Trust means that there is an extra layer of people who can help you with your affairs. This is a great complement to a Power of Attorney.

Transferring your assets into a Trust now can protect against all of these challenges to your estate.

Contact us now to see how a Trust can help protect your estate.

Enquire Now

FREE CONSULTATION

TRAINED ADVISORS

NO OBLIGATION

GET IN TOUCH

Talk to one of our Estate Planning Experts

Call us free on 0330 133 2206 or fill in the form below and one of our Estate Planning Experts will be in touch.

We will not disclose your personal data to any third parties. Read our full privacy policy here*.