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For many people, protecting wealth and other assets is on the lowest priority. They work day and night to make money but then they do nothing to protect it. If you can spend some of that time working on asset protection, you can easily save money that you would otherwise waste on litigation and other issues from lenders.
Many people think that their assets do not require any protection. However, if you look at the past litigation records, you will notice that most of the assets face litigations even when they are not worth it. Lenders will not leave any stone unturned when they spot some opportunity even when the assets are ignorable. Therefore, you have to protect your assets in every more...
Many people in the UK are using the option to file bankruptcy. The people moving to the UK from other parts of European Union are also exercising this option to get relief from the debts.
According to the latest figures released, over 30,000 people declared bankruptcy in the last quarter alone. These figures are only for England and Wales. When you will add the bankruptcy filing in Ireland, you will see the figure growing even further.
A trust can be defined as a legal document which contains the record of a person’s possessions their wishes that how would they like to distribute their wealth among their family and management of their assets. The difference between the trust and a will is that in the case of the trust, owner can transfer his or her valuables when the owner is still alive. There are various types of trusts and a person can choose one which is relevant to the criteria. They include express trusts, irrevocable trusts, charitable trusts, constructive and living trusts. A trust attorney can easily cope with these different types of trusts and he can validate the legal authenticity of the document.