"Placing the right money in the right hands at the right time"
Nothing in life is as certain as death and taxes. Given the choice, we would choose to have our affairs in order and be certain that assets are passed down in accordance with our wishes.
Many people fail to appreciate the risks involved in leaving assets directly to beneficiaries.
Often, couples leave everything to a surviving spouse which, whilst understandable, can cause problems.
Unless your Will incorporates specific trusts, you are running a significant risk of family wealth being eroded and falling into the hands of unintended beneficiaries.
Some instances when this may occur include:
- Increasing a beneficiary's Inheritance Tax liability
- Divorce following an inheritance, and that amount being included in the settlement
- The suing of a beneficiary meaning the inheritance is included in the compensation assessment
- A surviving spouse remarries and subsequently divorces, resulting in a reduction of family wealth
We firmly believe that all clients should plan carefully for the future, and we can help by providing a very effective solution to these potential problems.
Managing family wealth through the generations is becoming an increasingly important issue for many clients.
By working in conjunction with family and professional consultants our Estate Planning services include Lasting Power of Attorney, Wills, Trusts and Tenancy ownership. We can ensure that when death occurs, probate is dealt with in an efficient and cost-effective manner.
Will writing, Inheritance Tax planning, estate planning and legal services are not regulated by the Financial Conduct Authority.
Tax treatment is based on individual circumstances and may be subject to change in the future.