Asset Protection Trust

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IWC Estate Planning
& Management Ltd is
Registered in England
No 4532330

Asset Protection Trust

An asset protection trust is a way to safeguard your assets to ensure that your intended beneficiaries inherit. It protects your wealth from taxation, creditors, bankruptcy and divorce. Neither are the assets included in local authority means-tests to determine whether you`re eligible to pay your own care costs.

IWC Estate Planning & Management can assist you in the creation of trusts to protect your assets. We offer free consultations where we can discuss the best options for you and your family. Call free on 0800 612 6105 to make your appointment.

We can help with all aspects of estate planning including:

Asset protection trust
Family protection trusts
Protective property trusts
Converting to tenants in common
Discretionary trusts
Wills and lasting power of attorney
Avoiding Inheritance Tax

Why Use Asset Protection Trusts?

Using an asset protection trust is a way to secure your assets, to protect them from various potential threats. These threats can come from many sources; here are 2 of the most common:

The Beneficiaries

This would be financial issues that affect the beneficiary such as divorce settlements, personal debt, business debts, and bankruptcy. As an example, consider this scenario; your daughter`s marriage is in crisis after it is discovered your son-in-law has committed adultery. She forgives him but you feel that you don`t trust him and eventually, they will probably divorce. Naturally, you would want your legacy to pass to your daughter and grandchildren. Imagine that your daughter inherits and then gets divorced. Your daughter could lose half of her inheritance in a divorce settlement. As an asset protection trust is completely flexible, your assets could have remained in the trust until such problems where resolved. Your assets are therefore protected so they ultimately benefit the person/s that was intended.

The Local Authorities

Did you know that anyone who has assets worth over £12,750 must contribute towards their own care home fees? If your assets are worth more than £21,000 you`ll be liable to cover all the cost. This includes the family home. 1 in 4 women and 1 in 6 men over the age of 65 will require residential care, costing between £30,000 and £50,000 a year. The person will be means tested by the authorities who can even put a charge against your property. There are also extremely strict rules about the gifting of wealth to avoid this. If your assets are transferred safely into an asset protection trust, they will not be included as part of your wealth. You`ll avoid your estate being used to cover care costs and your beneficiaries will receive their entire legacy.

Many people fall foul of these threats as they do not plan ahead. For instance, thousands of elderly people lose their homes each year to cover the cost of long term care. Don`t let it happen to you. Estate planning is the key to safeguarding your assets and your family`s future inheritance. An asset protection trust is a great method to do this; giving you a lifetime interest in the assets. IWC can arrange all this for you, for a low-cost, fixed fee.Call us on 0800 612 6105 to book your free consultation.

0800 612 6105 020 8150 2010

Low cost fixed fee solutions

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