Proof That Trusts Can Protect Your Assets!
Just as there are many and varied needs for asset protection, so there are also many different planning options available. Your choice will require careful consideration to ensure you are effectively mitigating risk while at the same time remaining compliant with current tax and other regulatory rules.
Without planning, your assets are likely to be at risk of exposure to a number of financial threats. This could be as a result of care fees, creditors, bankruptcy, divorce or the tax man. So while the value of your assets will always be subject to economic fluctuations and commercial influences, you can in most cases take protective steps to shelter your assets from these financial threats.
Asset Protection is essentially about planning now to protect for later.
For protection purposes, trusts can offer certainty and shelter from financial attack. They can also provide flexible, effective management of Trust assets – for example, providing controlled income/capital payments to disabled or vulnerable beneficiaries.