At the crucially difficult time of losing a loved one, we know how difficult this time can be. Whether you require advice or beginning to end assistance, we are a specialist, legal entity providing professional guidance to ensure your estate remains intact and the intended family members receive all that you desire them to, without any potential tax implications.
With the extensive knowledge and experience gained whilst working in private practice and trust corporations, around the West Midlands, MB Asset Protection are able to offer you an invaluable and comprehensive service, in addition to the legal documentation, produced by legally qualified staff.
MB Asset Protection is a nationwide company who are willing to travel to you for a consultation in the comfort of your own home, or place of work. We also offer telephone consultations at a convenient time for you.
Wills
Making a Will is essential if you want to ensure your assets are protected and directed to your desired beneficiaries. Creating an effective Will, which has been tailored to your personal requirements will also allow management of your assets in your chosen way. If you pass away without leaving a Will, the Rules of Intestacy will come into play and your assets may end up with people that you do not wish to inherit.
MB Asset Protection provide free home or telephone consultations. Avoid costly delays and contact us today.
Trusts
Setting up Trusts has been found crucial in mitigating taxes for thousands of years. There are four predominant types of tax, which could affect you directly or your estate. These consist of Inheritance Tax, Income Tax, Capital Gains Tax and Corporation Tax. MB Asset Protection can assist you in establishing Trusts to either mitigate Inheritance Tax, for the beneficiaries of your personal estate, or for a property that may become subject to Capital Gains Tax, or to protect your own business, which may face the burden of Corporation Tax.
We are able to offer you expert advice on all variables of tax planning and to assist you in establishing the most suited Trust for your personal or business circumstances.
Inheritance Tax Planning & Reports
Inheritance Tax Planning can be crucial to protecting your assets for your loved ones future. MB Asset Protection can help you utilise your tax allowances in the most effective way possible, ensuring none or as little as possible is paid upon your death. As you may be aware the current Nil Rate Band (the tax free allowance) is £325,000. Inheritance Tax is then due at 40% on all in excess of this amount.
In addition to writing your Will or setting up your Trusts, MB Asset Protection also offers Estate Planning Reports. Each Report is personalised to setting out your current situation and explaining the taxes, which may be due now or upon your death, followed by the planning that we can offer in order to mitigate these taxes.
To avoid any costly delays, contact us today for further details.
Care Cost Help & Advice
Settling a Trust as early as possible can be paramount to protecting your assets for reasons more than mitigating taxes. We understand how important it may be to ensure your assets are protected for generations to come. Entering a care home can inflict a financial burden to the extent of almost eradicating all of your finances. MB Asset Protection have a vast level of experience in helping to protect assets where the results of the effective planning have become evident years later, once that person has unfortunately required the use of professional care.
Having a loved one enter care can be an equally difficult time for the family members, of the person entering care. We have experienced professionals who can assist you with a dispute that you may already be facing with a local authority, or from the outset of ensuring you do not have to face such a situation.
Please do not hesitate to contact us today for a free consultation, explaining how we can assist you.
Lasting Power of Attorney
There are two types of Lasting Power of Attorney (LPA). One is for Health and Welfare and the other is for Property and Financial. A LPA allows you to appoint someone to make decisions, depending on the category that you have elected them for, should you become unable to make decisions for yourself. As we do not know what may be around the corner in our lives, should we no longer be able to make decisions for ourselves, ensuring the right decisions are made for us is crucial, which is why LPAs should be established by all of us.
MB Asset Protection can provide you with either or both LPA documents, at a competitive cost. Contact us today, for more information.
Business Protection
Protecting your business is just as crucial as any other asset. Many people do not realise that by creating just a simple Will, may be fundamentally catastrophic to their business. As a Director, you may not want the family members of a Director who has passed away to come in and start making vital decisions, in place of their lost loved one, as they now own their shares in the business. This will be the position, should you not assess your business’s needs.
MB Asset Protection can set up an extremely neat piece of legal documentation, referred to as a Cross-option Agreement. This Agreement allows you to “swap” insurance funds for the shares in the company that the deceased Director owned, which will avoid their family members now owning a significant number of shares in the business.
Please do not hesitate to contact MB Asset Protection today, for more information.
Financial Services
MB Asset Protection work alongside regulated, independent financial advisers, as well as financial bodies, who can provide you with advice or services to suit your requirements.
Whether you would like some advice on the most appropriate investments to place your savings into, or you would like to set up a life assurance or a pension to protect you and your loved ones, we work alongside qualified and independent financial advisers who can help.