Wealth Structuring and Asset Protection

Wealth structuring and asset protection are components of estate planning and involve structuring or restructuring your wealth during your lifetime.

What are wealth structuring & asset protection?

Wealth structuring and asset protection are components of estate planning and involve structuring or restructuring your wealth during your lifetime in order to:

  • Protect and thus preserve your assets to ensure that they can be passed on ‘intact’ to those you wish to receive them, and
  • Mitigate inheritance tax

The degree of estate planning you require will depend upon your worth, that is, the nature and extent of your assets.

It therefore follows that the higher your net worth, the greater the degree of structuring or restructuring of your wealth will be necessary. This can be achieved by the use of advanced estate planning solutions.

What is the most effective way of structuring my wealth to protect my assets?

One of the ways commonly used to protect assets is to set up a trust. By placing assets in a trust you are able to preserve them for the benefit of your family. For centuries trusts have been the means by which the very rich have safeguarded their wealth, enabling them to pass it from generation to generation protecting it from being dissipated by divorce, remarriage, illness and of course tax.

See also Trust Creation & Management.

Can I use The Universal Wealth Preservation Trust (WPT) to protect my assets?

The Universal Wealth Preservation Trust (WPT) has been specifically designed to give you flexibility in dealing with your assets while protecting them for you and those you care about.

By ring-fencing your assets with a WPT you can be sure that they will be safe for the future. The WPT gives you the legal right to have full use of them during your lifetime and you will be free to move home and downsize whenever you want. You will also be able to receive income from any savings that are protected.

From an IHT perspective, because you receive a benefit from the assets, they will still form part of your estate for IHT purposes. For example, when you place your house into trust, but continue to live there, you are still from benefiting from it. Retaining the use of assets is known as a ‘gift with reservation of benefit’ (GROB).

Although IHT might not be saved on your death the WPT can be an efficient tax vehicle for future generations and, if you bear in mind that the lifetime of a trust is 125 years from creation, that means effective estate protection for your family for a considerable period of time.

As part of our estate planning consultation and assessment we will be happy to discuss with you in detail how a WPT might be of benefit to you and your family.

What solutions do you provide for high net worth individuals & families?

We understand the requirements of our high net worth clients, many of whom have complex financial arrangements not just in the UK but overseas and for whom a cross border estate planning strategy is essential.

If you are a high net worth individual and seeking to structure your wealth in a way that preserves your assets for future generations, you will require advanced estate planning solutions involving specialist tax and trust advice.

Our team of highly skilled trust and tax experts have extensive experience in structuring and managing trusts both domestically and internationally across multiple jurisdictions. However complicated your financial arrangements and however complex the legal and tax aspects that may be involved, we will create a solution that will benefit you and your family.

See also Wills & Estate Planning, Inheritance Tax Mitigation, Trust Creation & Management and Lasting Powers of Attorney.

How Universal Wealth Preservation can assist you

As experts in lifetime planning solutions we can assist you with effective wealth structuring and asset protection solutions. If you wish to explore how you can preserve your wealth and protect your assets we have the expertise and experience you need.

We are recognised specialists in the provision of lifetime trusts and have developed the fully flexible Universal Wealth Preservation Trust to meet the diverse needs of our clients.

For high net worth clients we offer a bespoke service in which you will work closely with our trust and tax specialists.

Whatever your requirements and individual circumstances, we can provide innovative and pragmatic estate planning solutions for you and your family.  

If you would like to review your estate planning arrangements, our team of experts are here to help you. Please contact us for more information or to arrange a FREE no-obligation home consultation with one of our advisers. We would be very happy to discuss your specific requirements.