Trust Planning

 

Safeguarding Your Legacy

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Understanding Trusts for Asset Protection

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A trust is a legal arrangement that dates back to the Crusades and has evolved over centuries into a powerful tool used worldwide.

By establishing trusts to safeguard your assets, you gain the ability to dictate how and when your beneficiaries will benefit from your estate. You can set specific conditions or timelines for gifts to family members, enhancing their long-term financial security.

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Why Absolute Gifts in Your Will Can Be Risky:

• Your son or daughter’s estranged spouse may unexpectedly benefit from your estate.

• If your husband or wife needs to enter care after your passing, your estate could be depleted to cover those costs.

• After your estate has settled any inheritance tax obligations, the remaining assets may be subject to additional taxes when passed on to your beneficiaries.

 

 

The Benefits of Using Trusts for Gifting:

• Protect your son or daughter’s inheritance from potential claims in a divorce.

• Minimize the risk of your estate being used by local authorities to cover your spouse's care fees.

• Delay the distribution of gifts to your children or grandchildren until they are mature enough to manage them responsibly.​

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For more detailed information about our trust options, we invite you to download our resource.