Future Family Wealth – Are Your Assets Protected?
When you are responsible for safeguarding personal and future family wealth, specialist advice will ensure your assets are protected and provide peace of mind. An expert estate planning solicitor can help you plan and organise your estate in a way that preserves your wealth for your future and for your dependants.
It is important to remember that everyone has a unique set of circumstances, family set up, or long-term needs. That’s why we take a bespoke approach and work closely with our clients to provide a tailored solution.
What is asset protection?
Asset protection encompasses a set of tools that can be used to potentially protect your assets from scenarios such as divorce, unforeseen circumstances (e.g., a life-altering accident), bankruptcy, and many more. The role of a legal advisor is to apply the correct combination of tools to provide the best solution for your individual situation and future objectives. They may include the following:
- The preparation of wills and lifetime trusts
- Multi-generational estate planning
- Tax-efficient business structures and wealth protection
- Pre-sale planning
- Family investment companies and philanthropic giving
- Deeds of variation
- Lasting Powers of Attorney
- Court of Protection applications
- Assistance with elderly and vulnerable dependants
Who is asset protection for?
You may not consider yourself ‘asset rich’ but if you consider your home, savings or inheritance, it is likely that you will benefit from organising and future-proofing your “estate”.
Asset protection is beneficial for both personal assets, as well as business assets. It just requires some logical planning. No matter what your income status is, it is always worth considering what you can do to protect your assets against any potential threats.
We regularly advise business owners, directors, and shareholders of SMEs, fast-growing companies, and family businesses. We can help protect your family wealth in relation to business assets and support you with succession planning. Our private client lawyers work closely with colleagues in the Commercial and Corporate team to ensure you receive wraparound services relevant to your individual needs, both personally and in relation to your business.
Asset Protection Review – Consultation Service
From setting up trusts and lifetime giving, to restructuring business assets and succession planning, the GL Law Asset Protection Review is designed to provide you with a strategy to protect your private wealth.
In your initial consultation we will review your personal situation and advise on the advantages and disadvantages of available asset protection tools and legal strategies. Our team of expert future planning legal lawyers specialise in estate planning with a lens on protecting private wealth.
We may suggest a variety of different options such as comprehensive Wills, Lasting Powers of Attorney, Asset Protection Trusts, and Inheritance Tax Planning. All of which we will go through with you in detail.
Book your personal Asset Protection Review
If you would like to make an appointment or find out more about the Asset Protection Review, please contact the team by calling 0117 906 9400 or email firstname.lastname@example.org