Our financial advisers are highly experienced
in estate planning to minimise inheritance tax.
The importance of estate planning
Effective estate planning is about taking steps now to reduce the amount of tax your family has to pay after your death. Nobody enjoys thinking about what will happen after they’re gone. But by taking professional advice now you can ensure your family benefits financially when you’re no longer there to support them.
After all you may have another beneficiary of your Estate – The Taxman!
Where to start with savings and investments
Creating an estate plan is the best way of passing on as much of your wealth as possible to your family or other beneficiaries when you’re no longer around. If you don’t have a plan in place, your property, savings, investments and other assets could be at risk of being claimed by the state.
Our financial advisers are highly experienced in estate planning to minimise inheritance tax. Making sure your will is up-to-date is only part of this. Thorough estate planning gives you peace of mind that your loved ones will be able to access your estate and benefit from it without being left with a huge tax bill.
Whether you want to leave gifts to loved ones, such as children and grandchildren, or donate a lump sum to a charity close to your heart, our advisers will help you to make arrangements. We can also advise on putting assets into trust and the best investments and funds to cover expenses such as funeral costs.
Don’t put off until tomorrow what you can do today. Protect your assets and make sure everyone is clear about your wishes by putting a robust estate plan in place.
Whatever your wishes are and whoever you want to leave your estate to, there are several ways you can plan for your family’s financial future after you’re gone. Contact us to discuss your options and take the first steps towards effective estate planning.
The Financial Conduct Authority does not regulate Wills, tax and estate planning.
Estate Planning – Case study
When Brenda’s husband, William, passed away his relatives realised how well he had saved and invested his hard earned salary. Unintentionally he had created an inheritance tax problem for his spouse and children. When combined, his house and investments were valued at well over one million pounds.
Brenda decided to invest a proportion of the estate and put this into trust for the benefit of named beneficiaries (her children) upon her death. The income from the trust paid for the premium on a whole of life policy, which is also in trust for her children. By investing in this way, Brenda has reduced the value of her estate in seven years’ time but her estate will still be too big to avoid inheritance tax altogether. A whole of life policy has been set up to meet this tax liability by the beneficiaries.
