Protecting Assets

If you want to protect your assets across generations, then it may be appropriate to consider including trusts in your Will. Our asset protection Solicitors can help guide you through this legal process to ensure that your assets will transfer smoothly from one generation to the next.

One common scenario is a client wishing to provide for their Partner during his or her lifetime, while ensuring that after the surviving Partner’s death the assets pass down to the children. This type of situation involves the use of a trust and is often a concern and complication for clients with children from a previous relationship.

A discretionary trust may also be included, which is an incredibly flexible device that preserves the opportunity for tax planning following your death, in light of the tax rules and family circumstances applicable at that time.

A few reasons for creating trusts in your Will:

  • To prevent funds from being spent unwisely by a beneficiary
  • To protect funds from future divorce or bankruptcy of a beneficiary
  • To protect against assets passing out of the family if a surviving spouse were to remarry
  • To provide for minor children
  • To provide for disabled persons
  • To provide for vulnerable beneficiaries
  • To keep assets within the pool of direct descendants
  • To protect Inheritance Tax relief on assets that are exempt, such as business or agricultural assets
  • To minimise Inheritance Tax payable by your estate
  • Inheritance Tax planning to qualify for the Residence Nil Rate Band
  • Second generation Inheritance Tax planning

Expert Asset Protection Solicitors

Our expert asset protection Solicitors have extensive experience in helping clients resolve legal matters and obtain the best outcome. We can advise on the best trust structures you’re your Will, as well as assist with setting up the Will Trust you client die and administering the Will Trust long term if necessary.

We can also act as Trustees if required.

Get in touch with the team to find out more about how we can help, guide and assist you in a range of matters and requirements.

Here to help

Our specialist teams can provide full service legal advice and assistance, providing practical and cost-effective solutions.

Our offices

Bournemouth
302 Charminster Road Bournemouth Dorset BH8 9RU
01202 525333 Contact
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Office 320 107 – 111 Fleet Street London EC4A 2AB
02039 784720 Contact
Poole
14a Haven RoadCanford Cliffs, Poole Dorset BH13 7LP
01202 709898 Contact
Ringwood
Monmouth Court Southampton Road, Ringwood Hampshire BH24 1HE
01425 484848 Contact
Swanage
55 High Street Swanage Dorset BH19 2LT
01929 422233 Contact
Wimborne
39a East Street Wimborne Dorset BH21 1DX
01202 057676 Contact