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bloodline planning

for your loved ones’ benefit

Divorce settlements, creditors and taxation can all take a big chunk of money from your
children when you die. Forethought can show you how to move your assets along down
the bloodline without parties grabbing themselves an underserved piece en route

You can’t guarantee that everything will automatically go to your children and grandchildren when you pass away. Bloodline planning involves strategic use of trusts – securing your assets so they always go to the right people once you’re gone.

things to think about….

the importance of bloodline planning

Bloodline planning is the process of passing on assets to the right people and minimising the amount of money lost along the way.

Failing to take advantage of asset planning options puts your assets at risk of being distributed incorrectly, whilst also turning the taxman’s head (who may ask for a large sum).

Yes, but problems may arise. Without professional legal support, the wording of your Will may mean that your children/grandchildren don’t receive absolutely everything you want them to.

For complete reassurance, you need to map out all your asset inheritance plans and follow the right legal procedures. Otherwise, your assets could end up in the hands of a complete stranger.

bloodline planning options

Some estate planning can be made whilst you are alive. Assets could potentially be gifted to beneficiaries before your death.

This could prove extremely efficient in terms of inheritance tax, as assets gifted away, for example, are fully outside of the donor’s estate for 7 subsequent years.

Always. Trusts keep you in full control when it comes to asset distribution.

Gift trusts, for example, let you give assets to your children/grandchildren in the form of gifts whenever you desire, offering maximum tax inheritance benefits.

how forethought can help

There all types of different trusts ready to take advantage of. These include:

  • Gift trusts
  • Discretionary trusts
  • Life interest trusts
  • Interest in possession trusts
    • Every trust has something different to offer, benefitting particular people in specific
      ways.

We’ll point you towards the best possible trust depending on the assets you have to hand and how you’d like them to be passed along.

Give us a call today on 01565 656 619 to find out more.

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Here’s how we’ve helped people like you.

Complete peace of mind

Forethought took the time to fully understand what my overall objectives were and what was important to me.

Mrs Elaine Moore, Wigan
Great customer service

You spent the time with us to understand our requirements and as a result of this was able to provide me with the most appropriate course of action.

Mr A Kellali, Manchester
Would highly recommend

We now have peace of mind to enjoy our retirement knowing that he is always on hand to help with any financial worries that we may encounter.

Mr & Mrs Caffery, Biddulph
Efficient, friendly and detailed

Unlike some advisors he communicates clearly and plainly, making sure that I have understood the thinking behind his advice

David Thomas, Stoke-on-Trent