It’s about getting good advice, considering everything that could affect your wishes and being aware of all your options so that you can make your own informed choice.
Young or old, for most of us, making plans to ensure that our loved ones are taken care of once we have gone and making sure that they get the maximum benefit from the assets we have managed to acquire through hard work, is one of the most important things we will ever do.
But, it’s not just how much we are leaving to them that is important. It’s crucial that our assets are well protected and secure whilst we are still here during our lifetime so that our loved ones receive the maximum inheritance when we are gone.
It’s a sad, but all too common fact, that Sideways Disinheritance affects thousands of families every year. Assets meant for children or other beneficiaries are often diverted away from the desired inheritance line due to one of many possible events in life that will affect most families at some point.
What is most frustrating is that the deceased’s wishes not being fulfilled is all so avoidable. In addition, the many expensive deductions that dilute someone’s estate after they have passed on, plus the lengthy delays a beneficiary suffers before receiving their inheritance, can be mitigated completely or reduced dramatically with a little thought and the right planning.
The problem is often that people just don't receive the help they need to consider all of the eventualities thatcould adversely affect their wishes. They simply aren’t aware of all the options available, such as Family Trusts, which are without doubt the most useful and robust Estate Planning product to provide the certainty and peace of mind that wishes will be respected and loved ones’ inheritance protected.
Everyone’s personal and family circumstances are different and a Will alone might not be sufficient to ensure that your wishes are met. There are many different estate planning options and that’s why it is imperative you receive sound advice, tailored for your own personal circumstances, from a trusted, experienced professional.
Spicer Finch is a Barrister owned company that specialises in drafting tailored Trust Deeds. We work with a national network of highly professional, independent Estate Planners who provide expert advice and home visits.
Find a professional Estate Planner near you who works with Spicer Finch.
Examples of sideways disinheritance, the effects of Probate & reducing the Inheritance Tax burden.
Why are Trusts the best way to protect assets and inheritance?