One of the most important benefits of planning ahead is to help give you control and protection of your assets (such as your home) and any savings or investments you may have.
This may seem very complex, but in essence can be achieved through a number of different plans that are known as ‘Trusts’.
Sideways dis-inheritance is a major concern for couples who wish to pass their assets on to their children on second death.
An example of a potential problem would be if the surviving spouse re-marries and then subsequently divorces meaning the assets owned by the first spouse (who thought they would go to the children) could be lost in divorce proceedings.
Many people arrange the Asset Protection Trusts (APTs) to offer protection from such senarios.
