Asset Protection - Your Questions Answered.
We're often asked to explain the complex world of asset protection, so we've listed some of the most frequently asked questions here. If you don't find the answer you're looking for, give us a call at any time.
We only have debt to leave behind us - Why do I need a Will?
A Will can take care of more than just money.
If you have young children, for example, a Will can ensure they aren't taken into care should the worst happen.
Because a Will allows you to legally nominate an appropriate guardian. Without one, your children could be taken into care until the courts decide who is best to look after them.
Making a Will is a simple and affordable way to provide greater peace of mind.
Why use BPS Asset?
Because we make making a Will as convenient as possible.
Many of our clients have told us they just can't take time out of their busy schedules to attend a solicitor's office in working hours, for example.
So we've tailored our services appropriately, coming to them where and when is convenient.
It's all part of the service to ensure your assets and family are protected.
What do we do with the Will once it's made?
We'll store it for you - completely free of charge.
Many companies charge an annual fee to look after your Will but this is part of the service at BPS.
Having your Will stored offsite in a fire proof safe is widely accepted as best practice. We just don't believe that you should have to pay for this service - so we offer it for free - as standard.
My parents are concerned about the impact of Long Term Care Costs. What should I do?
Talk to us. We have discussed these issues with many people in a similar situation and helped them to take a few simple steps to minimise the effects of care costs on their legacy.
I have worked hard to build up my wealth over many years. I am concerned over my children's financial awareness should they suddenly inherit my estate. What should I do?
We can advise on any worries you might have about how your estate might be eroded in the future, whether that's by:
- A child getting divorced and half of their wealth being attacked in the settlement.
- A child going bankrupt and all of their wealth being attacked by creditors.
- A child dying and the wealth they inherited being subject to Inheritance Tax a second time before the grandchildren can benefit from it.
BPS can help you address all of the above issues can be addressed with some simple planning, giving you peace of mind and ensuring all of your hard work will benefit your children and grandchildren.