Estate planning & Inheritance Tax planning

Transferring your hard-earned wealth as completely as possible to the next generation is a top priority for many people, which requires careful planning. With good advice it’s possible to retain assets through many generations. The key is understanding your Inheritance Tax liability and the reliefs and tools available to reduce its impact on your estate. With a structured plan from your Liberty adviser, you should be able to maintain and distribute your estate to your loved ones. We can also include the younger generation in our planning, so you know that they are receiving the best advice on which to base good financial decisions. This will ensure that your wealth lasts well into the future.

Wills & trusts

Making a Will doesn’t have to be a complicated task. Many people seem to think it will be and avoid making a Will at all costs. But it’s the key to distributing your estate exactly as you want to, and in as tax-efficient a way as possible. The first step is to review any Will you already have with your Liberty adviser, who will then sensitively talk through your wishes. Next, we will look at how Inheritance Tax might affect your loved ones, as well as gifting ahead of time and giving to charities. If you decide to put your money into a Trust you will need professional advice and we can point you in the right direction. Finally we help you consider appointing Lasting Powers of Attorney to look after your affairs, giving you complete peace of mind.

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.

Powers of Attorney and Will writing involve the referral to services which are separate and distinct to those offered by St. James’s Place and along with Trusts are not regulated by the Financial Conduct Authority.