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TRUSTS

Many people assume that only those with significant wealth can benefit from setting up a Trust, but that’s certainly not the case.

For many, a Trust is a cost effective and legal way of protecting assets against the potential expense of care in later life. For example, if you own a property you may be able to afford the cost of private care, should this become a necessity. However, you can structure your affairs to enable you to get the most financial support possible. Trusts can also help to protect assets for children in the event of remarriage following divorce or separation, to avoid the potential of ‘sideways disinheritance’.

It needn’t be complicated or costly to arrange a Trust to protect your assets, and our trusted business partners are here to advise an appropriate course of action for your specific circumstances. To find out more, why not contact us for an initial informal discussion.

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For insurance business we offer products from a choice of insurers.

You may have to pay an early repayment charge to your existing lender if you remortgage.

There is no guarantee that it will be possible to arrange continuous letting of the property, nor that rental income will be sufficient to meet the cost of the mortgage.

Your home may be repossessed if you do not keep up repayments on your mortgage.

A fee of up to 1% of the mortgage amount may be charged depending on individual circumstances. A typical fee is £495.