Trust & Bloodline Planning Northampton
Bloodline planning is the process of ensuring that your assets reach your children, grandchildren or other relatives, rather than ending up in the wrong hands! JP Estate Planning Ltd’s expertise will ensure that your assets are both fully protected from attack and immediately available to your loved ones after you are gone.
Protect your assets
Distributing assets absolutely to beneficiaries exposes those assets to risk from:
- The divorce or separation settlements of future generations
- Creditors or bankruptcy claims
- Further inheritance tax bills
When assets are distributed to beneficiaries “absolutely”, (i.e. they receive cash, property or other assets as a direct lump sum payment) so much can be lost. These assets are then considered to be part of the beneficiary’s estate and would be at risk of attack from any future divorce settlements, creditors and taxation.
The strategic use of trusts can ensure that your children and grandchildren are able to benefit completely from the inheritance you want them to receive and – at the same time – protect the family home and other assets from being lost to the costs of long term care. To discuss how we can help you ensure your estate goes to the right people, please contact us today.