Assets not protected by a Trust face attack from:
- Care Fees
- Marriage After Death
- Divorce or Separation Settlements
- Creditors or Bankruptcy claims
Distributing assets to Beneficiaries exposes those assets to risk.
When assets are distributed to Beneficiaries (ie. they receive cash, property or other assets, as a direct lump sum payment) so much can be lost. These assets are then considered to be part of the Beneficiary’s estate and would be at risk of attack from any future Divorce Settlements, Care Costs, Creditors and Taxation.