Guide to Estate Preservation

Feb 5, 2018 | Financial Advice

Passing on your wealth in the most tax-efficient way

Welcome to our Guide to Estate Preservation. Wealth transfer has become an important issue for many families today. Individuals with assets of any size should prepare for their eventual transfer whilst making provision for any tax or legal consequences.

This guide is designed to give you a basic understanding of estate preservation and the issues many people face. We look at various ways individuals could potentially reduce or mitigate an Inheritance Tax liability in order to pass on their wealth in the most tax-efficient way.

Financial services have become more important, as we are expected to take greater responsibility for our own financial well-being. Nobody wants to contemplate their own death, but unless people plan ahead they risk leaving chaos and heartache for loved ones left behind – not to mention a potential Inheritance Tax bill.

We can help you to plan your wealth according to your needs – whether you require assistance with estate preservation planning or recommendations on structures and trusts designed to protect your assets and give your family lasting bene ts in an uncertain world.

An integrated and coordinated approach to managing your wealth
Our comprehensive wealth planning service complements our other services and expertise, allowing us to provide an integrated and coordinated approach to managing your wealth whilst maximising the opportunities available.

Welcome
Passing on your wealth in the most tax-efficient way

Inheritance Tax
Planning could save a family hundreds of thousands of pounds payable

Residence nil-rate band
Owning a residence which is left to direct descendants

Lifetime transfers
Potential implications of such gifts with regard to Inheritance Tax

Making a Will
Failure to take action could compromise the long-term financial security of the family

Trusts
‘Ring-fencing’ assets to minimise or mitigate Inheritance Tax

Lasting power of attorney
Taking control of decisions even in the event you can’t make them yourself

Wealth preservation
Planning steps to consider when passing wealth in the most tax-efficient way

Want to review the estate preservation opportunities and challenges?

Planning for a time when you’re no longer around may seem daunting, but it doesn’t have to be. We’re here to take the uncertainty out of preparing for the future. All it takes is an open conversation about what you want for your family. Of course, you’ll have questions, but together we can find the answers. And the earlier you start planning, the earlier you’ll be ready. Whatever stage of life you’re at, we can guide you through the opportunities and challenges you may face.

Looking to pass on more of your wealth in the most tax-efficient way?

We all have different objectives in life and need different strategies to help achieve them. This is precisely why we offer a personalised estate preservation planning service. We can help you build a strategy that provides financial support to your family and helps you pass on more of your wealth in the most tax-efficient way – To discuss your requirements, please contact us or use the contact form by clicking here – we look forward to hearing from you.

INFORMATION IS BASED ON OUR CURRENT UNDERSTANDING OF TAXATION LEGISLATION AND REGULATIONS. ANY LEVELS AND BASES OF, AND RELIEFS FROM, TAXATION ARE SUBJECT TO CHANGE.

THE VALUE OF INVESTMENTS AND INCOME FROM THEM MAY GO DOWN. YOU MAY NOT GET BACK THE ORIGINAL AMOUNT INVESTED.

PAST PERFORMANCE IS NOT A RELIABLE INDICATOR OF FUTURE PERFORMANCE.

Published by Goldmine Media Limited Basepoint Innovation Centre, 110 Butterfield, Great Marlings, Luton, Bedfordshire LU2 8DL Articles are copyright protected by Goldmine Media Limited 2017. Unauthorised duplication or distribution is strictly forbidden.