Passing On Your Wealth
Key To Successful Estate Planning
Avail Financial Planning
Just like with pensions and other long-term planning, the key to successful estate planning is to begin as early as possible. At Avail Financial Planning, our experienced advisers understand the importance of proactive planning. We can guide you through the process and help ensure that your finances are as inheritance tax-friendly as possible.
Inheritance Tax Management and Gifting Strategies
Inheritance tax can be a heavy burden, but effective management can make a significant difference. We can help you navigate the complexities of inheritance tax and ensure that your wealth is passed on tax-efficiently. We work with you to:
- Maximise tax-free allowances and exemptions.
- Avoid unexpected surprises for your loved ones.
- Provide you with control over the distribution of your assets.
- Help you retain enough funds to enjoy your life to the fullest.
Additionally, we can guide you on tax-free gifting options to friends or family, taking advantage of annual gifting allowances and considering potential tax liabilities on gifts received within a specific period before your death. We will help you explore the best options for your situation, considering both the benefits and potential risks.
The levels and bases of taxation and reliefs from taxation can change at any time. The value of any tax relief depends on individual circumstances.
Property and Trust Planning
Property can be valuable, but inheritance tax issues can arise. We can help you determine if you can take advantage of the residence nil rate band, and advise on potential changes to minimise the impact on those who inherit your property. Trusts can also play a crucial role in minimising inheritance tax and ensuring effective asset management. We can help you understand your options, including placing life insurance in a trust that allows quick payment of your inheritance tax bill upon your passing.
The levels and bases of taxation and reliefs from taxation can change at any time. The value of any tax relief depends on individual circumstances.
Trusts are not regulated by the Financial Conduct Authority.
Trust and Will Planning
Creating a will, trust, or power of attorney is a vital step in securing your legacy and protecting your loved ones. We work closely with experienced legal service providers who can arrange Wills, Trusts and Powers of Attorney, and can refer you to them when you need it. So you can be confident that your future finances are in hand.
Estate planning can be complex, but with our objective and rational approach, we can guide you toward the right decisions for you and your loved ones. We’ll continuously review your position to ensure no negative legislative surprises await you.
* Powers of Attorney and Will writing involves the referral to a service that is separate and distinct to those offered by St. James’s Place and along with Trusts are not regulated by the Financial Conduct Authority.
Our Main Focus Areas Include
Contact us today to find out how you can pass on your wealth and assets in the most tax-efficient way possible, securing a brighter future for generations to come. Contact us to schedule your complimentary consultation.
