Estate Planning

Estate planning is essential to make sure your wealth is protected for you and your family. By structuring your assets in a tax-efficient way, you can make sure everyone is provided for in the future.

By referral.

Estate Planning

One of the largest areas for growth in terms of tax revenue for the government is from inheritance tax. Inheritance planning can be complex, with a vast array of allowances and exemptions.

Good planning before end-of-life can significantly reduce the amount of tax paid and can make probate easier to administer, saving stress for executor and beneficiaries alike.

The Financial Conduct Authority do not regulate estate planning.

The Financial Conduct Authority do not regulate trusts and will writing.

What is Estate Planning

Estate planning sits alongside making your will as a key part of putting your affairs in order later in life. Taking the necessary steps before you pass away can help to make the lives of your loved ones easier when you’re no longer around after you’ve passed away. It can also help protect your estate for the beneficiaries named in your will and reduce the impact of Inheritance Tax.

An estate plan clearly details your wishes to your loved ones about what you’d like to happen once you’re gone, and how you’d like your estate to be managed.

Essentially, it’s estimating your net worth by listing your assets, minus any liabilities, and then making sure you have all the correct documentation in place to ensure the estate is distributed in line with your wishes after your death. Without the right documentation, like a will, trusts and lasting power of attorney, your wishes may not be legally binding.

You may not think you have an estate worth considering, but you might be surprised, as your estate can include:

Your property

Your possessions

Your savings and investments

Any shares of jointly owned assets.