- MVL Wills And Trusts
Protecting your beneficiaries
Using trusts to protect your children’s inheritance
With appropriate estate planning you can protect your assets to ensure that they remain within your family for many generations to come.
When cash, property or other assets are distributed to beneficiaries directly (or ‘absolutely’), so much can be lost.
Bloodline Planning ensures that your assets reach your children, grandchildren and other relatives, rather than ending up in the wrong hands!
When assets are distributed to beneficiaries 'absolutely', (ie. 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.
Without the correct 'Bloodline Planning'...
- Some, or all of your children’s or grandchildren’s (bloodline’s) inheritance could be lost.
Assets not protected by a Trust face attack from...
- The Divorce or separation settlements of future generations.
- Creditors or Bankruptcy claims.
- Further Inheritance Tax bills.
Distributing assets absolutely to beneficiaries exposes those assets to risk.