An Asset Protection Trust can be an effective way to ensure as much as possible of your estate is passed onto your loved ones.
Your Estate does not have to be huge before Inheritance Tax begins to take 40%. Currently if you are single, anything over £325,000 is usually subject to Inheritance Tax. If you are married any assets over £650,000 are usually subject to Inheritance Tax on the second death. And beware! This figure usually includes the value of the home you live in!
There are entirely legal ways to reduce the value of your Estate while helping your loved ones. This can have a result of reducing or avoiding altogether the effects of Inheritance Tax when you die.
Safeguards can also be put in place to minimise the cost to your Estate of any Care Home fees you might become liable for during your lifetime if you need such care in the future.
We can help and advise you on this.
Protect your wealth and your loved ones.