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Without making adequate provision for your wealth, your will could be contested by ex-partners with whom you share children – even if you have set aside money to be left to them. This could mean that the plan you had for your money is overridden by lawyers and solicitors, leaving you no control of who benefits from your estate, which is not a good position to be in.
The best way to protect your estate from potential divorce, or the contesting of your will, is to put the money safely in a trust. We have a sister website where you can find out how best to protect your wealth – learn more here!
For any further questions or information on how to protect your wealth, please get in touch!
Trust law is complicated. To make sure you get things right, it’s vital to get professional advice before setting up a trust. Always talk to a solicitor or an estate planner . For any guidance on your SSAS Pension Scheme , Asset protection and Inheritance Tax , get in touch with our friendly team of SSAS and Asset Protection experts, we’d love to help.