Introducing a unique partnership that will grow your business THE ASSET PROTECTION STRATEGY
This is your opportunity to create income streams that add real value to your business whilst enhancing existing client relationships.
Increase your earnings from your current client bank by introducing a new service. Consider the following... Add to your existing client base with referrals from this new service. A partnership with us keeps you in contact with your clients through each stage of their life.
Our expertise in strategic lifetime planning will enable you to realise the full potential within your existing client base. A unique partnership Most Financial Advisors, Accountants and other professional bodies work extremely hard providing their clients with the means to build up their wealth only to fall short at being able to provide the correct strategies to protect these same hard earned assets against attack from care costs, further taxation, future divorce or separation and creditors / bankruptcy. Working alongside The Asset Protection Strategy, you will be able to provide your clients with unique estate planning strategies which ensure that their hard earned assets are protected for future generations, setting you head and shoulders above your competitors. Our legal services partners do not just offer death planning strategies, but also planning throughout the client s lifetime. Areas of expertise include personal planning, Business Succession strategies, and Agricultural Planning. Their estate planning solutions are tailor made to suit every set of personal circumstances and every pocket.
!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!?????????????????????????????????????????????????????? Some basic facts Everyone should have a Will 2 out of 3 people have not yet made a Will and those that have may not have the correct Will in place. Approximately 70,000 people per year lose their home to pay for Long Term Care. A large proportion of any inheritance is lost in future divorce settlements, to creditors or bankruptcy and unnecessary taxation. An established reputation Our Legal Services partners are an established legal services company whose range of products and services are second to none, it s Directors and Principals are members of S.T.E.P. (The Society of Trust and Estate Practitioners). Many of the services offered are completely unique with strategies which are tailor made to suit the needs of the client and ensure that they benefit from an holistic approach to their estate planning needs. The Directors of The Asset Protection Strategy, have been in business individually for many years, providing their clients with financial advice and estate planning solutions. In 2008 they decided to combine their expertise in this field and The Asset Protection Strategy Ltd was established. Since 2008, The Asset Protection Strategy has continued to grow and has become an extremely successful company nationally, working mainly with other professional advisors, Accountants, Financial Advisors and other professional bodies. As the news of our success spreads the business continues to grow and the demand for our products and services increases. With so few people having even a basic Will in place let alone the correct Will and estate planning, the demand for our services is vast. Your clients care very much about the wealth they have amassed over the years and want to ensure that it is passed onto their loved ones and protected for generations to come. Our Legal Services partners have a range of products and services which are designed to do just that!
Couple come together buy a house and take out life cover on the mortgage. As well as requiring Wills to protect their assets they would also need to assign their mortgage protection to a Life Assurance Trust. This protects the life cover from attack from creditors / bankruptcy and subsequent remarriage of the survivor. Children are born - now need to consider making provision for the children Guardians will need appointing and assets such as Life Assurance policies / Pension Death in Service Benefits / house and savings need protection with Trusts. This ensures children benefit from 100% of their inheritance and cannot be included in any future divorce settlements or lost to creditors / bankruptcy. The Asset Protection Strategy s expertise in cradle to cradle strategies ensures the protection of assets throughout generations.
Possible divorce - In the event of the parents divorcing their Wills remain valid. New estate planning needs to be devised to ensure each individual s assets benefit the children solely. Loss of a loved one whether it be partner or relative. Probate needs to be dealt with and the beneficiaries will require advice on how to ensure they can receive their full inheritance and ensure that it is protected against attack from care costs and protected against claims from future generation s divorce settlements, creditors / bankruptcy and further taxation. Remarriage - On marriage all previous Wills are automatically revoked. Again the client s situation needs to be reviewed. There may be step children at this point and each party will want to ensure that their own bloodline s inheritance is protected. Care planning should be considered at this point to protect both property and savings from care costs. Powers of Attorney need to be established.? Your clients need your expertise Part and parcel of our estate planning solutions is how the Will and Trust planning work hand in hand with products provided by the Financial Services sector, such as investment products. This completes the estate planning for the client and provides a further source of revenue to you which was not available before. For example, it would be pointless to protect the client s property from care costs only to ignore their savings and investments, leaving these completely exposed to attack, when reinvesting these same assets would ensure they were not assessed for care fees. Why allow this constant stream of income to be lost to high street Solicitors? Whilst our range of products and services are second to none and our Trusts all have Q.C s opinion, we ensure that our prices are extremely competitive providing real value for money and a new source of income for you.
Client protection - your client, always. We guarantee that the client remains your client ALWAYS and we will never breach this agreement. My partnership with The Asset Protection Strategy has enabled me to extend the service I can offer my clients. It establishes a connection throughout their lifetime and my business has grown as a result. Toby Clement - Financial Advisor. Further opportunities for you There are many other opportunities available to you by using our products and services. Probate is a much needed service which we can provide to your clients. We charge a Fixed Fee of 1.5%, offering a great saving over Banks and Solicitors who typically charge between 3 and 5%. Investment opportunities often arise from Probate cases and Deeds of Variation, providing further income in addition to what you will receive for introducing the Probate client to our Legal Services partner. The beneficiaries may also require new estate planning to protect their inheritance. Appointing our Legal Services partner as Professional Trustees will also ensure that monies entering the Trusts after death are dealt with as tax efficiently as possible and can also lead to further investment opportunities. Having the clients documents placed into storage with us ensures that we and most importantly, you, are always advised of any changes in the client s circumstances and provides you with an additional stream of renewal income each year. One way of ensuring that your clients benefit from our competitive and valuable Probate Service is to have our Legal Services partner appointed as the client s Executor.
How you can receive an extra income from Will and Trust sales. Option A Appoint one of our qualified Estate Planning Consultants to service your client bank and benefit from a new source of income. Option B Train to become an Estate Planning Consultant yourself and benefit from both a new income stream and new clients gained from this market. Which route is right for you? How you can increase your earnings from financial services products which complete the client s estate planning. Option A Our Estate Planning Consultants are trained in recognising the need for Financial Services Products and will automatically refer this business to our in house IFA s. You will then benefit from a share in the commissions. Option B Those of you who are qualified as a Financial Advisor will be able to provide the client with extra Financial Services direct.
Typical estate planning solution for married / civil partners estate valued over two nil rate bands Mr Mirror Will Jointly owned Mirror Will Mrs Family Home (Mr) Care Planning (Mrs) Family Trust On death 50% 50% On death Family Trust NRB NRB Tenancy severed I I P Trust On death On death I I P Trust Residue above NRB Residue above NRB Probate Trust Protection against care Cash & Assets Protection against care Probate Trust Investment Bond In lifetime In lifetime Investment Bond Gift Trust Gift Trust IHT Planning Life Assurance Trusts Life Assurance Policies Life Assurance Trusts IHT Planning Pension Death Benefit Trusts Pension Pots Death Benefits Pension Death Benefit Trusts Clients choose the beneficiaries of the trusts. Typically, spouse, children, grandchildren, etc. Clients also choose the trustees, who are responsible for managing the trust funds. The strategy of managing the trust funds is vital to maintain the protection provided by the trusts. Appropriate management can ensure that the funds remain protected from divorce/separation, creditor claims and long term care whilst access to funds is maintained for the beneficiaries.
The possibilities are endless The list of products and services are not limited to estate planning, here are just a few of the more sought after schemes that our Legal Services partner can provide: Discounted Gift Trusts Unlike most DGT s our scheme allows any investment bond to be assigned to the Trust and later rebrokered when it is beneficial to your client to do so. Properties such as buy to let portfolios can also be conveyed into the Trust. Gift Trusts / Reciprocal Gifting Trusts can be used to protect gifts for the client s bloodline. We can also consider reciprocal gifts between husband and wife (civil partners) so that two Nil Rate bands can be gifted. Absolute Trusts Used to assist with Capital Gains Tax mitigation with property notably in parents / children s ownership but not resided in by the owner and so unable to use Principle Private Residence Relief. Pension Death Benefits Trusts Pension death benefits / Death in Service can be nominated to these Trusts which allows the beneficiaries immediate access to the funds but without it forming part of the beneficiary s estate. This strategy also ensures that the pension death benefits is outside of the deceased s estate for IHT purposes. Life Assurance Trusts Life assurance policies can be assigned to these Trusts and unlike the Life Companies own trusts ensure that the assets do not enter the beneficiary s estate and are protected against future claims. Once again, this strategy also removes the amount of life assurance form the policy holder s estate for IHT purposes. Multiple Trusts Tailor made planning can be administered by the use of multiple trusts. In order to plan against and avoid future periodic charges (Rysaffe) Pilot trusts must be established on different dates. Offshore Planning We are also able to provide your higher net worth clients with offshore planning (the value of the family home, businesses and investment property can all be included in their offshore assets) Estate Planning Reports We are able to provide your clients with tailor made Estate Planning Reports considering onshore and offshore planning strategies. Cross Option Agreements This is essential business succession advice for your clients and unlike most standard cross option agreements the planning is extended to ensure that the life assurance benefits do not enter either the surviving business partner s estate or estate of the surviving spouse / beneficiary of the deceased partner by using Shareholders Trusts. Business / Agricultural Trusts Trusts are established to receive business or agricultural assets which have Business Property Relief or Agricultural Property Relief. Multiple Trusts would be set up to ensure that on the sale of a business or farm, periodic and exit charges are minimised. Stamp Duty Land Tax Scheme (SDLT) The mitigation of stamp duty on properties valued over 500k whether they be residential or commercial has proven to be a winner with clients and in the current market provides them with a reason to use you as the mortgage broker as opposed to any other. Conveyancing Using our own in house Solicitor for any conveyancing work required ensures continuity with the client and the smooth running of any estate planning or Probate cases. Professional Trustees By appointing our Legal Services partner as a Trustee we ensure that the beneficiaries of the trust benefit from the best tax and estate planning advice to protect their inheritance and any investment advice will be provided to the clients by you, if qualified to do so, or by a financial advisor and you will be remunerated from the commission. Executor Appointing our Legal Services partner as Executor will ensure that we undertake the probate for the deceased s estate (at a highly competitive fixed fee of 1.5%) which again you will be remunerated for and which ensures the correct type of planning is put into place for the beneficiaries as well as providing further opportunities for investment advice. For more information please contact us on 0800 634 7051 or visit www.theassetprotectionstrategy.co.uk
PO Box 316, Farnham, Surrey GU10 1BR Tel: 0800 634 7051 www.theassetprotectionstrategy.co.uk