Recommended Death Planning Solutions
If a client dies without a Will, their estate will be distributed in accordance with the intestacy rules and so they will have no control over who benefits from their estate.
A basic Will is better than dying intestate but in reality often does not achieve the objectives the client intended. It offers no asset protection and so the estate is exposed to many risks after their death meaning their children or others never receive the benefit they intended. Risks include marriage of a surviving spouse after death, bankruptcy, creditor claims, long term care fees and multi-generational Inheritance tax.
Countywide Tax and Trust Corporation Ltd have developed a range of recommended solutions to offer your clients based on their based on their marital status and overall estate value. Through the use of carefully drafted discretionary trusts, you can offer your clients the best opportunity to protect their wealth for future generations.