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HMRC have changed the way in which they will assess some taxpayers removing the need for these individuals to complete a Self Assessment Tax...Read more >
1 Nov 2017
Scottish Budget Proposals
On 14 December, the Scottish Budget will set out the Scottish Government’s financial and tax plans.Read more >
29 Oct 2017
Trusts Registration Service
HMRC have launched a new Trusts Registration Service (TRS), so that trustees can register their trust online and provide information on the ...Read more >
9 Oct 2017
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
An update on Making Tax Digital
The Government have decided that the introduction of Making Tax Digital (MTD) will be delayed for businesses. We have summarised the la...Read more >
31 Jul 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