Estate Planning - TRUSTS.
Trusts are a way of holding assets or property so that they are protected, they can be set up either in your lifetime or alternativeley as terms within your will.
Trusts are an effective way of making provisions for your family members in regards to inheritance and succession planning, they make the way to retain a measure of flexibility and control.
They are an effective way to distribute to beneficiaries assets, without consumming time and money associated with long drawn out formalities of probate.
Discrectionary Trusts allow for flexibity and gives the trustee's discrectionary power to react to any change in circumstances.
Trusts also are an extremley effective way to protect and retain family wealth.The trustee's are able to control the use of and who uses funds for the benefit of the beneficiaries. They also provide protection to the beneficiaries from claims resluting from divorce and from creditors. Trusts are an important way of being able to hold family assets.
Trusts however should be dealt with specialist help, they have differing tax implications, so the right type of trust requires specialist advice.
Married couples automatically benefit when one partner passes away. Sometimes though you may wish to lave specific things to others. What happens to your estate if both die at the same time?
Unmarried couples don't automatically inherit the parts share.
Plan how your estae is divided out. Make sure the loved ones around you get what you wish them to have. Dont leave it to the State to decide.
Planning of how your estate is divided up is one issue. What if there are Taxes to pay? What is there are debts? Don't leave it to chance.
You don't need to have a mega wealthy empire to start getting near tax thresholds these days. A huge population of households have the family home, savings and possessions over the Inheritance tax threshold. Did you know that your family have to pay the Inhertitance Tax Bill before your estate can be divided? Contact our advisor to see how you can plan for this an avoid your family having to raise thousdands of pounds before they can divide your estate and get what you have promised them. The best laid plans can go astray without adequate protection. We'll show you how to insure yourself in the most cost effective way. If your a company director ask our advisor about Relevant Life Insurance, get your company to pick up the bill. As well as making provision for your loves ones, it's important to leave clear instructions of your wishes. One thing in life is certain and that is, change.
Utilise Thresholds
We can help with IHT planning, gift bands and property thresholds.
Minimise IHT
Protection Planning
Guardianship Planning
Some people already know who they would like to look after the kids if their not around. Have you thought though, if the new Guardians can afford to?
Let us help you plan what happens next.
Financial Review
By regularly reviewing your finances we will help you to keep all your ducks in a row. We have an in-house Financial Planning Advisor.
If you want expert advice on Estate and Financial Planning,
feel free to make a complimentary first appointment.