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Advisory fuel rates for company cars
New company car advisory fuel rates have been published which took effect from 1 June 2017. The guidance states: ‘You can use the...Read more >
9 Jun 2017
Tax-Free Childcare and childcare options
Tax-Free Childcare, the new government scheme to help working parents with the cost of childcare launched at the end of April and is being r...Read more >
7 Jun 2017
VAT fuel scale charges
HMRC have issued details of the updated VAT fuel scale charges which apply from the beginning of the next prescribed VAT accounting period s...Read more >
12 May 2017
Second Hand Cars for Business? A REAL Alternative!
I’m Chris, the founder of a Solihull based business with an International customer base. In the last 12 months, I’ve seen my bus...Read more >
26 Jun 2017
Check of employer records
HMRC have been tasked to raise additional revenue. This will be achieved through a variety of methods, including increased employer complian...Read more >
30 May 2017
Solihull Chamber survey surprises
Last week Kevin Johns, Prime’s Managing Director and President of the Solihull Chamber, hosted the Solihull Chamber Breakfast. The eve...Read more >
17 May 2017
Contact Prime Today
To discuss your trust planning requirements, please contact us for a free initial meeting.Please Email Us >
When assets are left to beneficiaries as a direct lump payment, these assets are considered to be part of the beneficiary’s estate, allowing risk of attack from future divorce settlements, creditors and taxation. So how can you ensure that your assets will reach your children, grandchildren and other relatives rather than ending up in the wrong hands?
With the strategic use of Trusts, Prime can ensure that your chosen family and friends will benefit completely from the inheritance you want them to receive, as well as protecting your assets from the costs of long term care.
This “Bloodline Planning” service from Prime can provide asset protection from:
- Divorce or separation settlements of future generations
- Future family circumstances such as remarriage
- Creditors or bankruptcy claims
- Further Inheritance Tax bills
With different types of Trusts available, putting the correct bloodline planning in place now is crucial to protect your family home, investments and even family businesses for future generations. There are three basic types of trust in regular use:
- Bare trusts (or simple trusts)
- Life interest trusts (sometimes referred to as interest in possession trusts)
- Discretionary trusts
As the type of trust is very much dependent on individual requirements and the value of your estate, Prime Chartered Accountants can offer expert advice to help you ensure that your assets are fully protected and immediately available after you have gone.
Call Prime Today - we're here to help
Please contact us today to arrange a free appointment to discuss your trust planning requirements.
Coventry - 024 7651 8555 or Solihull - 0121 711 2468