At Genesis Wills and Estate Planning, we believe in empowering you to maintain full control of your estate during your lifetime and ensuring it is passed on seamlessly to your loved ones. Our Estate Allocation Trusts are carefully designed to protect your assets, ensuring that they are preserved for your spouse, children, and other named beneficiaries. Whether you're planning for the future or considering care fees protection, our trusts offer comprehensive peace of mind.

What is an Estate Allocation Trust?

An Estate Allocation Trust operates similarly to a will, as it allows you to outline your wishes regarding the distribution of your assets and who your heirs will be. However, unlike a will, which only becomes effective after your death and the probate process, an Estate Allocation Trust is active during your lifetime.

You can transfer various assets into the trust, such as property, savings, and investments. The trustees you appoint will immediately assume control of these assets, which can be especially beneficial in certain circumstances where timely management of your estate is required. This structure is particularly advantageous for avoiding delays in asset distribution and ensuring immediate assistance to your family.

Why Choose an Estate Allocation Trust?

There are many benefits to establishing an Estate Allocation Trust, including:

• Bypass Probate and Simplify Estate Management: Unlike a will, an Estate Allocation Trust bypasses the often time-consuming probate process, allowing your assets to be transferred directly to your beneficiaries without the need for a court grant. This can help reduce delays, costs, and complications for your loved ones.

• Immediate Support for Beneficiaries: The trust allows trustees to manage and distribute assets while you are still alive, enabling your beneficiaries to receive assistance as needed. This is particularly helpful if they require financial support or if circumstances change over time.

• Care Fees Protection: One of the critical benefits of an Estate Allocation Trust is its ability to shield your assets from being depleted by care fees. By placing your assets in trust, you can potentially protect your estate from being used to cover the costs of long-term care, ensuring that more of your wealth is preserved for your beneficiaries.

• Flexible Asset Distribution: You maintain control over how and when your beneficiaries will receive their inheritance. The trust can be structured to release assets at times that align with your family’s needs, ensuring the right financial support is available when it's most required.

• Maintain Control in Case of Incapacity: Should you become incapacitated due to an illness or a condition like dementia, an Estate Allocation Trust ensures that your assets and affairs will continue to be managed by the trustees you have chosen. This protects your financial well-being and ensures your wishes are carried out as you intended.

• Protect Your Children’s Inheritance: An Estate Allocation Trust safeguards your children's inheritance, ensuring that your share of assets remains protected if your surviving partner remarries or cohabits after your passing. This ensures that your estate is preserved for the people you care about most, preventing unintentional dilution of your family wealth.

At Genesis Wills and Estate Planning, we are committed to helping you establish a trust that not only secures your assets but also offers the flexibility and protection you and your loved ones need. Take control of your estate today and secure your family's financial future with an Estate Allocation Trust.