This page contains a Flash digital edition of a book.
Glasgow Business . 27

Family Asset Protection Company Ltd

for your care. In 2009-2010, approximately 70,000 houses were sold in the UK to pay for care costs, according to Age UK. If your assets are over £14,250, then you have to pay a contribution to your own care costs. If your assets are over £23,250 you pay the costs in full. Solution: If you put your assets in a Family Protection Trust the government can not force you to sell your property to cover your care costs. You would be entitled to government support for your long-term care.

Unreliable Children

Problem: It is impossible to foresee any problems which may occur in your children’s life such as drugs, alcohol, divorce, bad debt and bankruptcy. Solution: It may not be the best for vulnerable children to inherit your estate if they are not capable of dealing responsibly

with the implications. With a Family Protection Trust, your technical trustees can assess if your children are in a position to handle any inheritance, and, if so, according to your wishes can make decisions in their best interests regarding your estate.

Marriage after death

Problem: Tere is a possibility that your family will not be entitled to any of your estate. If one of a couple dies, then the estate may pass onto the survivor. If this person re-married and died before a new will is writen, then the assets can transfer to the new family, leaving your family with nothing. Solution: If you set up a Family Protection Trust, then this removes the problem. If one dies then the family will still have access to the assets. If the remaining partner re-marries, the assets do not pass on to the new spouse as they are protected by the trust. Te assets remain within your family.

At Family Asset Protection Company we understand that at times you will have a need for some independent financial advice. This may be as a result of a change of home, a marriage, a divorce, a change of career or even when you inherit some money. We therefore feel it is very important that we are able to introduce you to an independent financial adviser that we can trust and with whom we have a close working relationship. Should you require independent financial advice, we will introduce you to our partner firm, Family Trust Financial Services, who will look after your financial planning needs sympathetically and professionally. Our services include: • Wills • Power of Attorney • Private Trusts • Business Trusts • Pensions • Pension Transfer • Estate Planning • Mortgages • Investments • Family Asset Protection • Funeral Plans.

CONTACT US 2 Fitzroy Place, Sauchiehall Street, Glasgow G3 7RH 0141 248 6068 tony.siegerson@ www.familyasset

Page 1  |  Page 2  |  Page 3  |  Page 4  |  Page 5  |  Page 6  |  Page 7  |  Page 8  |  Page 9  |  Page 10  |  Page 11  |  Page 12  |  Page 13  |  Page 14  |  Page 15  |  Page 16  |  Page 17  |  Page 18  |  Page 19  |  Page 20  |  Page 21  |  Page 22  |  Page 23  |  Page 24  |  Page 25  |  Page 26  |  Page 27  |  Page 28  |  Page 29  |  Page 30  |  Page 31  |  Page 32  |  Page 33  |  Page 34  |  Page 35  |  Page 36  |  Page 37  |  Page 38  |  Page 39  |  Page 40  |  Page 41  |  Page 42  |  Page 43  |  Page 44  |  Page 45  |  Page 46  |  Page 47  |  Page 48  |  Page 49  |  Page 50  |  Page 51  |  Page 52