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Total Asset Protection Plan - TAPP

What is it?    This is a complete estate planning package.  For most people, in dealing with their estate planning, there are six main problems:

1. Sideways Disinheritance;
2. Irresponsible Children;
3. Dependent Relatives Claims;
4. Incapacity;
5. Care Costs;
6. Probate Costs.

Please see below for more detailed information on the above points...

Who will benefit? Anyone who wishes to have the peace of mind of knowing that they have their estate planning up-to-date with the potential to save substantial future costs both for themselves and for their chosen beneficiaries.

1. Sideways Disinheritance – The TAPP ensures that your estate ends up where you want it to, even after death. This ensures that your children will inherit what you want them to inherit, even if the surviving spouse remarries.

2. Irresponsible Children – Again the TAPP can help here. It may not be advisable for a parent to transfer assets to their children if, for example, they have various dependency problems or are involved in a “shaky” marriage. The Plan has the ability to withhold the funds in this situation until you feel it is advisable for the funds to be paid out.

3. Children’s Legal Rights – In England and Wales, children have the right to claim on the estate of their parents even where the parents have tried to exclude the children from their Will. The TAPP bypasses this potential problem as the Trustees, who you choose to control the Plan, are permitted to pay out to the beneficiaries within the Plan only. This gives you complete control.

4. Incapacity – I always recommend that all of my clients put in place Powers of Attorney. The TAPP automatically provides this benefit for you. This means that if you become incapacitated, you know that someone you trust can look after your affairs.

5. Care Costs – The Plan has the ability to help manage your estate if you require long term care. It gives you the flexibility of knowing that your estate is being managed by professionals who understand the legislation surrounding care costs. In liaison with nationally recognised specialist advisers, I ensure that you and your family receive the right advice from our combined teams of experts on the best way of dealing with your care costs if the need arises. This advice includes:- a. Advice on what funds should be used to cover the cost of ongoing long term care and the legislation surrounding local authority assessment criteria: b. Investment Advice to ensure that the funds last as long as possible: c. Advice on Immediate Care Plans – These are specialist products that provide funding when you have gone into care.

6. Probate Costs – When you die your family will face a hefty bill to wind up your estate. This, very often, amounts to thousands of pounds and is the fee that a solicitor and the courts will charge to execute your Will. The advantage of the Total Asset Protection Plan is that it avoids the need for your estate to go through the Probate process, as the funds in the Plan can be paid directly to your beneficiaries from the Plan.

Get in touch with us today for an informal chat: find out
how we can tailor our solution to suit your needs.

  • “May I thank you for the professional and sensitive manner with which you have dealt with the administration of the estate”
    Mrs N.R, Penzance
  • “I would like to thank you so much on behalf of myself and my family for all your kind help and assistance in, what has been for me, a most distressing time.”
    Mr L, Spain
  • “Thank you for sending the latest documentation and for attending to my Will and other related matters in such a professional and efficient way.”
    Mrs R.R, Penzance
  • “My grateful thanks to you for the support provided in dealing with all matters concerning my wife’s estate - you were superb.”
    Mr J, Redruth