ASSET PROTECTION
PROTECTING YOUR WEALTH FOR GENERATIONS
There are many ways in which you can protect your assets for your direct family and future generations to come, but without effective planning in place, following your death, factors outside of your control might mean your wealth is lost, claimed or wasted, to people such as the tax man, local authorities, new marriages and claims against your beneficiaries.
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Fortunately, there are several methods to ensure your wealth and assets pass on to the people you intend them to, for not just one generation, but two or three.
WHAT COULD HAPPEN
WITH NO ASSET PROTECTION
1.
Your estate is taxed once on your death, again when your children die, again when your grandchildren die. Over just a few generations the tax man has become a major beneficiary of your estate.
2.
Your death in service benefits will pass to your partner/spouse tax-free but when they die your children will share it with the tax man, local authorities or their spouses.
3.
Your property may be used to fund long term care costs of the surviving spouse following your death and your children's inheritance will be gradually diminished over time
4.
After you die, if your partner/spouse marries someone else, your wealth might be lost to that new partner or his/her children or grandchildren;
people you’ve never
met.
HOW CAN UK FCS HELP?
UK FCS provides a cost-effective, thorough and confidential Wills & Estate planning service.
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Our trained consultants can see you at a time to suit you, either at our offices, or in the comfort of your own home.
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There are many ways to protect your home and other assets, and the correct method for you will depend on a variety of factors including yur age, marital status, the value of your home, what other funds are available and income generated etc.
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Get in touch with us to discuss your query.​