Retirement Estate Planning
Estate Planning
At Howard Wright, our team of Chartered Financial Planners are specialists in Estate Planning.
The main objective for most of our clients when advising them on Estate Planning is to ensure that their assets on death are paid to their chosen beneficiaries quickly and efficiently. Beneficiaries can be, family members, individuals, charities, (Anyone or anything you wish to leave assets to).
Another key area of our Estate Planning process is to take steps to legally minimise your inheritance tax liability.
Wills
A Will is the recommended starting point for most of our clients, who incorrectly believe that their spouse or next of kin will automatically inherit the whole of their estate in the event of their death.
As part of our Estate Planning process, we review any existing Wills that you have in place and recommend any alterations and amendments if necessary.
If you don’t have a Will or a new one is required, our team of fully qualified Will writers are here to help you draft new Wills.
Inheritance Tax
In the majority of cases, inheritance tax can be seen as a voluntary tax, our inheritance tax options report provides a review of all the options available to legally minimise your inheritance tax liability.
This includes but is not limited to;
- Providing an overview of the allowances and exemptions that are available to you.
- Provide considerations for redistribution of assets between spouses / partners.
- Assess your ability to gift capital without impacting your ability to fund your retirement.
- Outline the main features and suitability of various trusts including, bare, discretionary, discounted gift, loan and reversionary trusts.
- Provide illustrations for life assurance, which allows you to retain your capital, whilst providing a lump sum in the event of your death to cover any liabilities such as Inheritance Tax.
Powers of Attorney
At Howard Wright, we would recommend that individuals consider undertaking Lasting Powers of Attorney (Both Health and Financial). These documents allow your nominated Attorney’s to manage your affairs in the unfortunate event that you lose mental capacity or you simply don’t wish to manage your affairs anymore.
Our Chartered Financial Advisers can assist you in the drafting and completion of these forms.
The Financial Conduct Authority does not regulate Tax Advice, Will Writing, Estate Planning, and Trusts.
What to do next?
To discuss your Estate Planning with one of our Chartered Advisers, you can call us on 0345 688 4939 or fill in our enquiry form below, it only takes 20 seconds to complete.
Once you have done this one of our Chartered Financial Planners will then contact you as soon as possible, to discuss your Estate Planning requirements and arrange your free initial consultation.
“Gareth and the team have dealt with all of my families financial matters for many years now. The information is accurate, concise and easy to understand. I would not hesitate in recommending their service whole heartedly”
“HW supported and advised us on all our pension, investment and inheritance concerns. As a result we completely changed direction. We couldn’t be happier”
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