What to ensure key assets stay in the family?
Succession planning, aka bloodline planning, is a strategy to ensure those you want to inherit specific items do so, and that valuable assets are not left vulnerable to:
- Divorce or separation settlements for future generations
- Creditors or bankruptcy claims
- Unnecessary Inheritance Tax bills
- Distribution absolutely (more on this below)
Contact me to discuss your unique succession planning and estate preservation requirements and how I can help.
“Absolutely” isn’t always fabulous
When your assets are distributed to beneficiaries “absolutely”, they receive cash, property or other assets as a direct payment. The issue is that these assets are then considered to be part of the beneficiary’s estate, and are vulnerable to being claimed in future divorce settlements, by creditors and by the taxman.
Passing it down the bloodline
Your succession planning ensures some or all of your children and grandchildren receive the inheritance you wish them to have. Making plans now future-proofs your inheritance plans, so
- Those you love are financially supported,
- Assets are protected
- Any taxes are minimised
- Potential to ring-fences assets against long-term care financial means testing
Looking for more information on succession / bloodline planning?
- Read my articles below
- Contact me to discuss your individual requirements.
Articles
- 10 Top Questions About… Bloodline Planning
Bloodline planning may sound a little feudal, but it’s an… Read more: 10 Top Questions About… Bloodline Planning - Inheritance tax: who pays most and how to plan so your heirs pay as little as possible
How much is your estate worth? In general, if it’s… Read more: Inheritance tax: who pays most and how to plan so your heirs pay as little as possible - Heirlooms and history: why bloodline planning is important
One of the surprising smash hit TV series of recent… Read more: Heirlooms and history: why bloodline planning is important
