Many people think the use of Trusts in a Will is only necessary for the very wealthy. This is not the case and Trusts can be very useful to reduce Inheritance Tax, protect your assets against being assessed for long term care and safeguard against bankruptcy, divorce and separation within the family, often protecting our children’s assets from themselves.
Please take a few moments to consider the following questions:
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If you total up the value of your own and your spouse/partner’s assets, including any insurance policies and death in service benefits, is the value above the nil rate band? (currently £300,000) |
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Are you concerned that if you go into care, your assets, especially your home may be lost to pay for your care? |
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Do you have ‘in-laws’ who you would not like to receive or gain control of your family assets? |
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Are you concerned that future divorces or separations in the family may dilute the assets that you have left for your children, grandchildren and future generations? |
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Have you left money to minors in the will that you would rather be managed by members of the family rather than a local solicitor or worse still, the Courts with the associated costs? |
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Have you left assets to any member of the family who receives Disabled Benefits from the state or other state benefits? |
If you have answered yes to any of the above questions then a Trust may be
the correct option for your estate.
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To arrange a free no obligation appointment please call Lifetime Legal Management on 0800 279 8000.
Lifetime Legal Management will refer you to a qualified advisor from Countrywide Legal Services for individual advice. Countrywide are specialists in advising on Wills and Trusts which will address your specific concerns. |
Fees will be payable on instruction of a Will. A basic Will costs £65 plus VAT,
charges may vary depending on your requirements.
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We are authorised and regulated by the FSA (Financial Services Authority). Our FSA registration number is 448415.
WARNING: YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE. There may be a fee for our service. This will be no more than 1.5% of the loan. The precise amount will depend on your circumstances but we estimate this will be £149.
Lifetime is a trading name of Lifetime Financial Management Ltd which is authorised and regulated by the Financial Services Authority for advising on and arranging mortgages and insurance.
Lifetime Financial Management Ltd, registered in England and Wales, registered Number 3652194. Registered address: 1st Floor, City Gate, 17 Victoria Street, St Albans, Herts, AL1 3JJ. Director: Paul Merrigan. | |
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