Setting up Trusts now to receive your assets on death will ensure that they are not passed “absolutely” to your beneficiaries. Placing the assets in Trust for your beneficiaries means that they will not form part of their estate and therefore will be protected from any future divorce or bankruptcy settlements.
Setting up a family trust can help direct and protect your wealth that you have built up over the years- let’s see how this might help you.
You can protect a wide range of assets in Trusts including:
- Your home
- Your money
- Your pensions
- Your life assurance
- Your business assets – what’s more, Trusts can significantly reduce the impact of tax on future generations, often removing tax completely.