Securing your family's financial future is a vital aspect of long-term planning. To help you navigate the complexities of inheritance and estate planning, we've prepared a guide outlining key considerations. From understanding your future financial needs to exploring options like trusts and charitable giving, this guide will help you take the necessary steps to protect and provide for your loved ones.

 Making a start

The financial world can seem complex, particularly when it comes to areas like inheritance and estate planning. That’s where our trusted and skilled team of advisers can help, guiding you through the process and giving you peace of mind.

 Get advice as early as possible

If retirement is approaching, or if you’ve already stopped working, you may be considering the best way to ensure your financial legacy provides a strong foundation for your loved ones. Whether you need advice on making your will as tax-efficient as possible or reducing your Inheritance Tax (IHT) liability, our advisers can offer guidance on the best path for you and your finances.

 Mapping your future

Knowing how much money you will need in the future is the first step in planning your family's financial future. Financial requirements in retirement can vary, so it’s crucial that you’re aware of your future needs before considering what happens next.

 Giving gifts

There are a range of options available for passing on wealth to your family during your lifetime. Our advisers can provide up-to-date information in an area where tax laws frequently change. There are various gift allowances available, but it can be a complex area, and this is where our expertise comes in. Whether it’s a lifetime gift or a potentially exempt transfer (PET) of a larger gift, we can offer the advice you need to make sound financial decisions for you and your loved ones.

 Trusting trusts

Trusts are a great way to maintain control of your assets and a flexible way to manage control while maximising tax efficiency. This can be a complex area, but with years of experience, our team of skilled advisers will provide the information you need to choose the right option for you.

 Charitable legacies

Gifts to charities and organisations like political parties are also tax-free and can offer a range of benefits. With careful financial planning, they can ensure the amount you leave to your family remains intact while also delivering IHT advantages.

 Don’t take risks with your family’s future

Getting the right advice and guidance early is one way to best look after your family’s future. Contact your financial adviser for tailored support.

 HM Revenue and Customs practice and the law relating to taxation are complex and subject to individual circumstances and changes which cannot be foreseen.

 

Trusts are not regulated by the Financial Conduct Authority.

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