Assets not protected by a Trust face attack from:
- Your beneficiaries inheritance being used as part of theirs & future generations divorce settlements.
- Their inheritance being used to settle creditor or bankruptcy claims.
- State benefits being affected by your beneficiaries inheritance.
How can I protect my children’s inheritance?
Without the correct “Bloodline Planning” some, or all of your children’s or grandchildren’s (bloodline’s) inheritance could be lost.
Protecting your inheritance for future generations is commonly referred to as “Bloodline Planning”.
Bloodline Planning is ensuring that your assets reach your children, grandchildren and their descendants, rather than ending up in the wrong hands! When assets are distributed to beneficiaries “absolutely”, (i.e. they receive cash, property or other assets directly) 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.
