Asset Protection simply means taking steps to ensure that if the unexpected happens, the people you’ve worked hard to provide for (including you) are safeguarded from the sudden downturn in circumstances.

Asset Protection in the form of a Family Trust is essentially a type of insurance policy and is just one part of the asset protection process.

A family trust that is properly organised and has all the supporting documents in place

• Safeguards your assets from unforeseen circumstances.
• Protects your assets from any business misfortune that may occur.
• Protects capital or income for your children’s or grandchildren’s education.
• Protects your assets from possible future taxes such as Inheritance Tax or Estate Duty.
• May enable eligibility for assistance towards residential care or long-term hospitalisation costs.
• Reduces the incidence of conflict amongst family members.
• May include wills and powers of attorney (if you choose).

At the Law Connection, our staff are experienced in developing Family Trusts and can make this a simple yet comprehensive process for you.