For many of us, passing something on to those we love is very important. Life is also changing, and your assets can be threatened by taxation, divorce, changes in family circumstances, the cost of long term care and even business failure, which makes it imperative that you take steps to preserve your assets.
At Poole Alcock, our solicitors are highly experienced at helping clients preserve their assets. We will assess the best way to manage the risks of what you or your family have worked hard to achieve and limit your exposure.
Asset protection trusts can provide an excellent way of managing that exposure. By setting up a trust and sheltering some of your assets there, they no longer form part of your sole property.
As well as considering the benefits of asset protection trusts, we will also advise you about alternative tools for inheritance tax planning, such as transferring some of your assets to those you wish to benefit now.
Please submit your information and a member of the Poole Alcock team will respond to you as soon as possible. If you have a quick question, please feel free to call 01270 625478.