Estate Financial Planning

Estate Financial Planning: Our team can help you to establish how to pass on your wealth and estate in the most tax-efficient way. Giving you peace of mind for the future, with our estate planning financial planning service.

Many of our clients would like to pass on wealth to their loved ones before and after they’re gone – and would like to do so in the most tax-efficient way. There are various rules that govern the gifting of assets and estate. Trusts can also play a key role in estate financial planning for individuals and families.

In the right circumstances, significant savings can be made without adversely affecting the client’s own requirements, adding in flexibility and allowing clients to achieve their goals, whatever the future may bring.

Estate Planning - Financial Planning

Considerations

With that in mind, the key to good estate financial planning is balancing the most tax-efficient option together with a lifetime financial model with a number of considerations -

• The current liability based on the value of the individual and joint estate
• Special factors such as health or family circumstances
• The current and projected annual cost of living and capital costs
• A review of any surplus assets or surplus income
• Current and projected annual income post-tax
• What capacity exists, if at all, to gift assets or surplus regular income that won’t affect your plans
• Whether there’s a will or power of attorney in place

Please contact our team of financial advisors for further details on estate financial planning, including inheritance tax and trusts.