Blended families are becoming increasingly common and careful planning is required to reduce the risk of challenges to your estate on death. There is often a conflict between your obligations to provide for your current spouse/partner, and your obligations to your children from your previous relationship. You may be quite happy to provide for your spouse or partner in the event of your death. However, You may not be so keen for your assets to then pass to your partner’s ...
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Posted by: Hayley Willers
The need to protect family assets is not a recent phenomenon. For hundreds of years, people have wanted to safeguard their family’s assets by sheltering them in a trust. Whether you are a family or a business or a group of people that own assets that have a risk component, a trust is often a good idea. Assets can be put at risk in many ways; you don’t know what the future holds and how it may affect your assets. ...
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