According to the Institute of Financial Planning Research, 38% of people worry about money most or all of the time, and yet only 4% of those polled have a comprehensive financial plan in place.
http://www.financialplanning.org.uk/wayfinder/financial-planning-week-2013-survey-results-0
Careful financial planning is crucial. How you approach this depends on your:
Assets (above or below £325,000);
Status (single, first marriage, second marriage, cohabiting);
Family (children, step-children);
and above all else, your particular Wishes.
Special treatment may be needed for any assets which will pass outside the terms of your Will. These can include pension funds, death-in-service benefits, some insurance policies, and anything standing in joint names.
If your estate is subject to Inheritance Tax, the amount of tax will depend upon your Will. Sometimes a well-drafted Deed of Variation can bring exemptions and reliefs into play to reduce the IHT or Capital Gains Tax (CGT) bills, resulting in the family getting a welcome tax refund.
Our specialists will help you keep within the law and maximise your inheritance without breaking the laws on tax evasion or the Government’s new general anti-avoidance rules (GAAR).
Wills, probate and trust
