The 5 Dangers and How We Prevent Them!
“We spend a lifetime building up our assets through hard work and, in most cases, would like to pass them on to our family safe in the knowledge that they will remain in their hands”
Unfortunately, there are a number of issues that could either reduce the value of the
assets we leave or take them out of the family altogether. Traditionally most people
immediately think of inheritance tax as being the biggest danger to threaten their
family’s wealth.
Unfortunately there are other, less obvious threats that could have more devastating effects. For this reason it’s important to realise that the Asset Protection Strategy is much more than an inheritance tax avoidance scheme. It’s a carefully structured programme that can reduce the threat of a number of dangers, of which inheritance tax is just one. The strategy addresses 5 main issues..
Which of these Dangers are You Vulnerable Too?
- Danger 1 -
Inheritance tax (IHT)– a tax based on the value of the estate when someone dies. The Taxman may pocket more of your money than your children!.
- Danger 2 -
Marriage After Death (MAD) – the problems that could threaten the family’s assets when a widowed spouse or partner remarries. Half your assets could become another family’s assets..
- Danger 3 -
Long term care costs– those with assets are expected to pay towards their care costs; The State can put a charge on your home depriving your children of their inheritance.
- Danger 4 -
Bloodline issues – where assets left to the next generation are lost or seriously eroded as a result of the beneficiaries’ divorce or bankruptcy. It can disappear overnight if people you leave it to go on to remarry, divorce or go bankrupt!.
- Danger 5 -
Death in service, life assurance and pension benefits – how they can be protected for the family. The Taxman may pocket more of your money than your children!
To make a start on your Asset Protection Strategy simply send me a quick request and I will contact you shortly to book an appointment. Click the Submit button below and complete the short enquiry form that it opens.