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BLOODLINE PLANNING

How can I protect my children's inheritance?

Without the correct "Bloodline Planning" some, or all of your children's or grandchildren's (bloodline's) inheritance could be lost.

Protecting your inheritance for future generations is commonly referred to as "Bloodline Planning".

Bloodline Planning is ensuring that your assets reach your children, grandchildren and other relatives, rather than ending up in the wrong hands! When assets are distributed to beneficiaries "absolutely", (i.e. they receive cash, property or other assets as a direct lump sum payment) so much can be lost. These assets are then considered to be part of the beneficiary's estate and would be at risk of attack from any future divorce settlements, creditors and taxation.

At Oakwell Estate Planning we help you establish the right trust planning to ensure that your children and grandchildren are able to benefit completely from the inheritance you want them to receive and at the same time, protect the family home and other assets from being lost to the costs of Long Term Care.

Image by Jessica Rockowitz
Bloodline Planning: About

MAKING BETTER PROVISION FOR YOUR FAMILY

By placing assets into Trust now, you can avoid future ‘what-if’s’. For example, family wealth can be protected against marriage and divorce, sideways disinheritance, financial claims and Inheritance Tax.
In addition, Trusts can protect family wealth from challenges, unreliable beneficiaries and means-tested benefits. As a result, it’s easy to see how a Family Trust can maximise inheritances for several generations.

Image by Jessica Rockowitz
Image by National Cancer Institute

LONG-TERM CARE FEES

With care fees averaging £1,000 per week and the average stay in care being about 3 years, it’s easy to see how long-term care fees can decimate an inheritance. A Family Trust may be effective in avoiding care fees but must be set up at the right time and for the right reasons.
However, there are many other reasons for setting up a Family Trust.  Please contact us to find out whether those other benefits apply to you and your circumstances.

WE FIT AROUND YOUR SCHEDULE

Oakwell  Estate Planning carries out face-to-face meetings, either in the comfort of your own home, your place of work or our offices; whichever is more convenient for you.

Meeting you in person allows us to identify your estate planning objectives and to provide guidance and advice, go through the options available to you and to make appropriate recommendations. In turn, this provides you and your family with peace of mind.

Our qualified legal consultants are dedicated, flexible and can arrange to meet with you in the daytime, evening or on the weekend.

Image by Jessica Rockowitz
Bloodline Planning: Features
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