If you have been clever or fortunate enough to amass some assets, you will want to hold onto them.
With many of today’s marriages breaking down and eight out of ten small businesses failing within the first three years, sheltering your assets (as much as you can) from the ravages of divorce and bankruptcy are important factors in any long-term wealth strategy. Even if your relationship and business are stable, you cannot guarantee that they will remain so or, if you pass assets down to the next generation, that your children or grandchildren will be so fortunate. The funding of care in later life is also a hot topic.
Our experts have years of experience of formulating long term wealth protection strategies that take into account all the relevant dynamics for each family. We have a strong reputation which is founded on a practical, sensible and commercial approach. We work closely with our family and commercial lawyers to ensure that you receive comprehensive advice and support covering all your needs.
Working with you and your family we can advise on how multi-generational wealth can be protected by the use of:
- Wills that specifically have been designed and tailored to your needs and which build in an appropriate level of protection for your family;
- Trusts that are able to preserve family assets and which can be used in a wide range of circumstances including unexpected windfalls, immature children, fragile marriages and the mental deterioration of a family member;
- Corporate structures, including companies and limited liability partnerships;
- Pre-nuptial and post nuptial agreements; and
- Cohabitation agreements.
Our expertise in the above areas combined with a detailed knowledge of UK tax law enables us to suggest solutions tailored to fit you and your family’s particular needs.