There are several ways to achieve this goal and Short Richardson & Forth will work with you and, if required, your accountant and financial advisor, to obtain the best possible outcome in the current circumstances. It is of the utmost importance that you are comfortable with the decisions and actions undertaken as there is little point in replacing the worry of paying tax with the concern about the tax planning structure that may have been put in place!
With the media hype in recent years surrounding the payment of care fees, people are looking to try and protect the value of their assets, and in particular, their home so that future generations will benefit from hard earned assets. Short Richardson & Forth has considerable experience in advising in relation to the protection of assets. However, there may be many other reasons you would look to protect assets, for example potential divorce, bankruptcy, a child’s unacceptable behaviour that may or may not continue or illness.