A family trust can protect your property and other assets from being claimed by your creditors.
A family trust can protect your children’s inheritance if you or they remarry or enter into a new long-term relationship. Assets passed to your own children can pass directly to your grandchildren instead of an in-law.
Probate can take up to 2 years to process. Property and assets owned by a family trust are not subject to probate and can be distributed straight after death while also relieving the family of heavy probate costs.
Funds in a family trust can be used for schooling, university, or home ownership. Assets can be added to the trust and made available to your children at a certain age,
Minimise costly inheritance tax by securing your assets in a family trust.
If you become unable to make important decisions, assets in your family trust can be managed on your behalf by a trustee. You also have access to funds in the trust as needed to help maintain the quality of your life.
Probate is the method of dealing with the properties of someone who has died, i.e. paying off their creditors and dividing their assets according to their own will.
Probate is the process of managing the estate of a deceased person, including wealth, asset and property distribution.
Intestacy is when an estate of a person that dies without a will owns property with a cumulative value greater than that of their unpaid debts
An Inheritor is a person who inherits something, i.e. an heir. The terms “heir” and “beneficiary” interchangeably, but there are important differences.
Inheritance refers to anything a person bequeaths to his or her loved ones after passing away - including cash, investments, stocks, jewellery, automobiles etc.
A succession executor is an adult appointed to manage a deceased person’s assets. Their responsibility is to carry out the orders for handling the affairs and wishes of the estate
A trust is an arrangement in which someone - knows as a trustee, is granted the right to possess property or properties on behalf of the beneficiary.
A testator is a person of sound mind who creates a will. If a person dies before they have the chance to create a will, then they are said to have died “intestate.”
This is the most significant element of every plan for an estate - namely, the specifics of what will happen to property and assets after death
A bequest is a gift left to a family, friend or organisation in a will. There are many different forms of legacies to take into account when writing a will.
A beneficiary is a person who, is expected to inherit something from an estate - including income, belongings, properties or stocks and shares
If a person dies without leaving a valid will, according to UK law, their estate must be shared out amongst married or civil partners.
We can help you with the important life decisions of how to assign your property to your loved ones and take care of yourself in any eventuality, without unwanted and time consuming intervention from the courts.
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