How do I protect my assets using my Will?

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For those who like to read;

How do I protect my hard-earned stuff using my Will?

Let's talk asset protection!

Now, Wills and Lasting Powers of Attorney are my bread and butter, but something that I chat about with all of my clients is "asset protection."

Now, "assets" in estate planning terms are anything valuable that you own. So, your house, your car, that impressive vinyl record collection - unless it's all disco music – fun for a karaoke night, maybe not a goldmine.

And hey, I'm sure some people might consider their kids their greatest assets – but maybe not during the teenage years...

Anyway, back to protection! What we're taling about here is about safeguarding the things that matter to you, ensuring that they end up with the loved ones of your choosing and in the right way.

Why is this such a big deal?

Well, it could be about keeping your family home with your children and not lost to a new partner's family.

Or maybe one of your loved one needs a little help managing money, so you want to ensure they use what you leave them responsibly.

What about someone with a disability - would you want the things you leave them simply replacing the benefits that they already receive?

These are just some of the reasons why talking about "asset protection" is crucial.

So, how does your trusty Will come into play here?

With the magic of Trusts!

Think of Trusts as your estate planning bodyguards, fiercely protecting your wishes from any potential challenges or legal complications.

They stand guard and ensure your plan is carried out seamlessly.

Curious to learn more?

Stay tuned for future articles where we'll dive deeper into lots of scenarios demonstrating how you might use your Will to protect your hard-earned stuff.

Thank you for reading.