Protecting my Children’s Inheritance

‘Bloodline Planning’ is the consiqence of effective Asset Protection

When assets are distributed to Beneficiaries “absolutely”, (i.e. they receive cash, property or other assets as a direct inheritance) so much can be lost. These assets are then considered to be part of the Beneficiary’s Estate and consequently are at risk of attack from any future divorce settlements, creditors and taxation.

With the strategic use of Trusts, Frog Wealth Management 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, investment property and other assets from being lost to the costs of Long Term Care.

Have you considered what might happen if your surviving spouse were to remarry? How would this affect your own children if he/she later changed their Will in favour of the new spouse and any subsequent children?

Or for those of you who already have children from a previous marriage, how do you ensure that they would get their fair share?

What if your children are very young or have special needs? How can you ensure that they are fully provided for?

There may also be a business you have worked hard to build up. Surely you would want to protect this for your family too?

Do you really want to leave it all to chance, when with our professional help to set up the correct type of planning, all these problems would be solved?

Our expertise will ensure that your assets are both fully protected from attack and immediately available to your loved should the worst happen

For more information, contact Craig today by filling out this form.

Understand more about the considerations needed in preparing effective Asset Protection.

You should choose an Executor to carry out your wishes, and these appointments are stated in your Will. Executors can be Beneficiaries under the Will and often people appoint their spouse, civil partner or children as Executors. Check with your proposed Executors that they are willing to take on this role before naming them in your Will, as it can involve considerable responsibility.

Please see our Making a Will page for a comprehensive understanding of the considerations of appointing and Executor, including using a Professional Executor.

The role of a Guardian is a very important one if you have children. Should you die without making a Will or if you do not appoint Guardians in your Will, your children could be placed in care until the Court appoints official Guardians to look after them. This could take months and would obviously result in distress for your children and other members of your family. Appointing Guardians safeguards against this happening.

Remember to request that your appointed Guardians also make a Will themselves to further safeguard the future of your children.

Please see our Making a Will page for a comprehensive understanding of the considerations of appointing Guardians.

For more informaiton about our professional help setting up the correct type of planning
PLEASE CONTACT US TO ARRANGE AN INFORMAL MEETING