Protecting Your Assets for your Loved Ones
A Family Trust Plan can protect the assets you place into the Trust be it property or cash. This is because these assets are not counted as part of your estate on your death, therefore no probate is needed on these assets. Furthermore, should you in later life go into long term care the contents of the trust are not counted as part of your assets when the Local Authority is assessing how much you have to pay towards your care.
Placing your assets into a Family Trust should ensure that they pass to the people you want them to after your death, according to the terms of the Trust wording or under the terms of your Will.
The value of the Trust won’t be eroded by the cost of administering your estate (probate costs) or by the cost of care in later life, if needed.
When you die the Trust will pass the assets to your beneficiaries without having to follow any complicated processes or procedures, otherwise known as Probate.
For more details of these Plans or any other of our services please do not hestate to contact us by telephone, email or simply complete the “contact us” page on this site.
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