Asset/Lifetime Protection Trust
Protecting everything you have worked for should be a top priority when planning your estate. With your assets in trust, you can be sure that your property is out of reach from third parties.
Our estate planning team knows the intricacies of the different types of Asset Protection trusts, and we are on hand to recommend which one is best for you, depending on your situation.
Why is this the trust for you?
The Asset Protection Trust ensures that all your assets will ultimately pass to your children or your chosen beneficiary and cannot be eroded after death. We think it is important to highlight some ways in which the erosion could occur:
If your spouse remarries in the future, your assets and any inheritance could pass to the new spouse rather than to your children.
Following a divorce, your assets could be passed onto in-laws ahead of your children.
Family members could attempt to make an application to contest the will if they are unhappy about the distribution of your estate.
Your spouse becomes bankrupt, and their assets are used to pay potential creditors.
If your spouse needs to move into a care home, their long-term care fees will be assessed from their total assets, including inheritance, meaning this money is not passed onto your children and other beneficiaries.
The use of an Asset Protection Trust structure can solve these problems and provide you with the comfort that your loved ones will inherit your assets. With this trust, Paradigm can ensure that;
- Until your passing, you will retain the full benefit of all assets held in the trust and the power to appoint and remove the trustees.
- Whilst you are living in the property, the enjoyment of the property is your benefit.
- Assets can be dealt with by those you trust in the event of your incapacity.
- You control who inherits jointly-owned assets if a surviving partner remarries.
- Your property is passed on after death without delay.
- Your family saves money in probate fees, as probate will not be needed for the assets in the trust.
- The cost and possible delay involved in obtaining a Grant of Probate, which can be avoided if a trust is in place.
Why Choose Paradigm Will?
At Paradigm, we can offer you a service that is sensitive to your needs. We provide cost-effective solutions to any situation, whether complex or straightforward.
Our experts work to gain an understanding of your family dynamics and advise you on the best way to guarantee an inheritance for your loved ones. Our client satisfaction is very important to us, and we ensure you are always in safe hands and are happy with the support you receive.
We want you to see that choosing who will inherit your estate or continue your business has lasting positive outcomes and offers you total peace of mind. Your decision to draw up a will is a positive step towards safeguarding the future of your loved ones, and we are here with you all the way.
Take Action Today
Book your first chat today:
Leicester Office: 0116 464 7055
London Office: 0208 194 7189
Our National Phone Number: 0208 194 7189
Email: [email protected]
Or use our contact form
Serving Birmingham, Leicester, Ealing, Hampstead, Harrow, Highbury, London, and Tottenham.
Protect your legacy. Protect your loved ones. Choose Paradigm Wills today.
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Feel free to discuss your options first with our team of will writers in Leicester. Simply fill out the form, and we will promptly reach out and assist with everything you need to get started.
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Protective Property Trust
Ideal for joint homeowners who want to make sure their share of a residence goes to the right people. This trust ensures control over what happens to your share of the family home.
Disabled Persons and Vulnerable Persons Trust
If you have family members with special needs, this trust safeguards their financial future without jeopardising their eligibility for benefits. It offers lifetime security and oversight.
Flexible Life Interest Trust
A Flexible Life Interest Trust gives a chosen beneficiary income for life while protecting the underlying assets, keeping control over who ultimately inherits and helping manage future family needs.
Declaration of Trust
Useful for shared property ownership (e.g., tenants in common), this trust clarifies each party’s share and ensures that it can be passed on under your chosen terms.