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Asset Protection Trust 

If a spouse was to remarry within the future then their assets from the deceased spouse may be passed onto the new spouse rather then the children. This could upset a family member because of the distribution of the estate which has been left by the deceased.

 

The main benefits of having a asset protection trust is that:

  • You will retain full control of the assets until your death or capacity.
  • Inheritance is guaranteed for your family members.
  • Your property can be passed onto other family members after your death without any delays.
  • Probate will not be required for the assets which are secure in the trust and this can save your family savings. 

Another benefit of having this trust for property planning purposes means that all assets which are held within the trusts will be protected for the long term care fee and you will have full control of it.