Estate planning is more than just preparing for the future — it’s about ensuring your legacy, protecting your loved ones and making confident decisions about when and how you share your wealth. Whether you’re looking to minimise inheritance tax liabilities, secure your family’s financial future, or simply be prepared for unexpected events, our team of highly qualified financial advisors will guide you through every step of the estate planning process, from creating tailored wills and trusts to managing more complex inheritance tax mitigation strategies.
Get in touch for a no obligation chat with our financial advisors to see how we could help you build a comprehensive estate plan that gives you peace of mind today and for generations to come.
Inheritance Tax can be a significant concern for those with larger estates, but there are various ways to reduce its impact. Common strategies include making gifts during your lifetime, investing in tax-efficient products, or setting up a trust. Effective estate planning can help reduce the amount of IHT owed, allowing beneficiaries to retain more of their inheritance. Click here to find out more about inheritance
Mitigating Inheritance Tax (IHT) is an important consideration for many individuals seeking to pass on wealth to their heirs while minimizing the tax burden. Click here to find out more about mitigating inheritance tax
An Enterprise Investment Scheme (EIS) is a UK government initiative designed to encourage investment in small, high-risk companies by offering investors a range of attractive tax reliefs. Click here to find out more about Enterprise Investment Schemes
Trusts are legal arrangements that allow individuals to manage and protect their assets for the benefit of others. There are several types of trusts, each with its own advantages depending on the individual’s needs, goals, and circumstances. Click here to find out more about Trusts
Gifting assets is a popular strategy in financial and estate planning, allowing individuals to transfer wealth to family members, friends, or charities during their lifetime. This can have various financial and personal benefits, especially in relation to Inheritance Tax (IHT) planning. Click here to find out more about gifting assets.
Wills and Lasting Powers of Attorney (LPA) are essential legal documents in estate and personal planning, offering numerous benefits to individuals and their families. Both documents help ensure that your wishes are respected and that your affairs are managed effectively in the event of incapacity or death. Click here to find out more about Wills and Power of Attorney.
If you have any questions regarding estate planning please get in touch with our team of qualified financial advisers for a no obligation chat.
Imogen Tallent
Financial Adviser
The UK Office for Budget Responsibility forecast is that in the 2024-2025 tax year Inheritance Tax will raise £8.3 billion for the Treasury.
Estate planning is the process of arranging how your assets (such as property, money, and possessions) will be managed and distributed after your death.
It’s important because it ensures your wishes are followed, reduces inheritance tax liabilities and helps prevent disputes among beneficiaries. It can also include making arrangements for your long term care if you become unable to make decisions yourself.
Yes, having a will is important regardless of the size of your estate. Without a will, your assets will be distributed according to intestacy laws, which may not align with your wishes. A will also allows you to appoint guardians for your children, specify funeral preferences and make charitable donations.
If you lose mental capacity without an LPA in place, your loved ones will need to apply to the Court of Protection to be appointed as your deputy. This process is time-consuming, expensive, and restrictive compared to having an LPA, which allows you to choose a trusted person in advance to manage your affairs if you become unable to do so.
Your financial advisor will complete a thorough fact -inding questionnaire with you during your first meeting and can also advise you of any additional information or documentation they need once they have started to get understand your personal situation, goals and aspirations.
If you do have existing estate planning documents such as wills, trusts and powers of attorney it would be helpful to bring these along with you to the meeting.
You should review your estate plan every 3–5 years or after major life events such as marriage, divorce, having children, or significant financial changes.
An estate plan typically includes a will, trusts, powers of attorney (financial & medical), a letter of wishes, and plans for inheritance tax efficiency.
Yes, you can gift assets before death, and some gifts may be tax-free if you live for at least seven years after making them (known as the seven-year rule). Smaller gifts may also be exempt from inheritance tax.
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