Most of us know that swans mate for life.
It is estimated that approximately only 3% of swans who have mated actually ‘divorce’. Compare that with the average divorce rate in humans which is over 33% and it’s obvious who is doing better at long-term partnerships lol!
Divorce rates are now also looking set to rise due to the new divorce rules which came into effect in April 2022. Increasing divorce rates could see an increase in inheritances being lost to an ex-spouse in the financial settlement. However, these inherited funds COULD be protected by the use of trusts in wills.
Trusts have been around since as early as the 11th century when Knights went to fight in the crusades! They are becoming increasingly popular as people look to protect their assets for the use and benefit of their loved ones down the line.
How might a trust benefit you?
Discretionary will trusts allow you to appoint the right people (your trustees) to look after your assets/money on your death. They can ensure the RIGHT people (your beneficiaries) get the right thing (your money/assets) at the right time. Trusts can also ensure that your wealth is protected down the bloodline to your children, grandchildren, great grandchildren…
None of us want to think that our loved ones could be another divorce statistic but a discretionary will trust can help. It’s that added layer of protection to your later life planning.
Get in contact now to see how we can help.
