Passing on your wealth in the most tax-efficient way

A Guide to Wealth Preservation

Welcome to our 2018 Guide to Estate Preservation. Wealth transfer has become an important issue for many families today. Individuals with assets of any size should prepare for their eventual transfer whilst making provision for any tax or legal consequences.

This guide is designed to give you a basic understanding of estate preservation and the issues many people face. We look at various ways individuals could potentially reduce or mitigate an Inheritance Tax liability in order to pass on their wealth in the most tax-efficient way.

Financial services have become more important, as we are expected to take greater responsibility for our own financial well-being. Nobody wants to contemplate their own death, but unless people plan ahead they risk leaving chaos and heartache for loved ones left behind – not to mention a potential Inheritance Tax bill.

We can help you to plan your wealth according to your needs – whether you require assistance with estate preservation planning or recommendations on structures and trusts designed to protect your assets and give your family lasting benefits in an uncertain world.

An integrated and coordinated approach to managing your wealth Our comprehensive wealth planning service complements our other services and expertise, allowing us to provide an integrated and coordinated approach to managing your wealth whilst maximising the opportunities available. To discuss your requirements or to arrange an appointment, please contact us – we look forward to hearing from you.

Inheritance Tax
A Guide To Estate Preservation:
Inheritance Tax

Effective estate preservation planning could save a family a potential Inheritance Tax (IHT) bill amounting to hundreds of thousands of… Read More »

Residence nil-rate band
A Guide To Estate Preservation:
Residence nil-rate band

The Inheritance Tax residence nil-rate band (RNRB) came into effect on 6 April 2017. The RNRB provides an additional nil-rate band where an… Read More »

Lifetime transfers
A Guide To Estate Preservation:
Lifetime transfers

Some people like to transfer some of their assets whilst they are alive – these are known as ‘lifetime transfers’. Whilst we are all free to… Read More »

Making a Will
A Guide To Estate Preservation:
Making a Will

If a person wants to be sure their wishes will be met after they die, then it’s important to have a Will. A Will is the only way to make sure… Read More »

Trusts
A Guide To Estate Preservation:
Trusts

Appropriate trusts can be used for minimising or mitigating Inheritance Tax estate taxes and can offer other benefits as part of an integrated… Read More »

Lasting power of attorney
A Guide To Estate Preservation:
Lasting power of attorney

A lasting power of attorney (LPA) enables individuals to take control of decisions that affect them, even in the event that they can’t make those… Read More »

Wealth preservation
A Guide To Estate Preservation:
Wealth preservation

Whether you have earned your wealth, inherited it or made shrewd investments, you will want to ensure that as little of it as possible ends up in… Read More »

To download the full guide please click here.

Want to review the estate preservation opportunities and challenges?

Planning for a time when you’re no longer around may seem daunting, but it doesn’t have to be. We’re here to take the uncertainty out of preparing for the future. All it takes is an open conversation about what you want for your family. Of course, you’ll have questions, but together we can find the answers. And the earlier you start planning, the earlier you’ll be ready. Whatever stage of life you’re at, we can guide you through the opportunities and challenges you may face. To discuss your requirements, please Contact Us – as always, we look forward to hearing from you.

The value of your investments and any income from them can go down as well as up. The value of your fund may be less than you paid in.

Before you choose a SIPP, make sure you understand its aims and risks. A SIPP requires active management and investment expertise. You should make
sure you review your investments regularly. You normally cannot take an income from your pension until age 55.

Laws and tax rules may change in the future without notice. The information here is our understanding in October 2017. This information takes no account
of your personal circumstances, which may have an impact on tax treatment.