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Tax-free childcare roll out
The implementation of Tax-Free Childcare, the new government scheme to help working parents with the cost of childcare, is being rolled out ...Read more >
7 Feb 2018
Updated list of professional subscriptions
Employees are allowed to claim tax relief on their annual professional fees or subscriptions to some HMRC approved professional organisation...Read more >
2 Feb 2018
Scotland revise income tax bands
Derek Mackay, Scottish Finance Secretary, has made a change to the proposed Scottish income tax bands for 2018/19 which he announced in Dece...Read more >
1 Feb 2018
End of year tax planning video
As the end of the financial year approaches now is the time to start considering measures you could take to better structure your business o...Read more >
31 Jan 2018
Solihull Chamber News Column - 24th August 2017
The Chamber’s Quarterly Business Report (QBR) always highlights some interesting information on what is happening in the business worl...Read more >
24 Aug 2017
Solihull Chamber News Column - 10th august 2017
As Brexit becomes a reality, the Chamber of Commerce’s International Hub is stepping up its drive to encourage and help businesses to ...Read more >
10 Aug 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