Implementing a plan to protect your estate is one of the most important financial decisions that you will ever make. Up to 60% of people in the UK do not have a will in place, meaning that their assets could fall into the wrong hands, or cause untold stress for your family and loved ones. Not only for retirees and high net-worth individuals, estate planning is an essential strategy that makes sure your wealth is passed to the people you care about.
With will writing encompassing only a part of the estate planning process, it’s vital to take a holistic view at how you would like your estate distributed upon your death. Creating a bespoke estate planning solution can help you to pass more of your assets onto family, friends and business partners without incurring significant tax bills that could reduce the value of what they receive, or lengthy delays from probate. In addition to creating a comprehensive will, effective estate planning should include both financial and legal aspects:
Creating instructions for your care should you become incapacitated before your death
Naming a guardian and trustee for your children and other minor dependents
Providing for vulnerable family members with special needs or disabilities
Providing for the transfer of your business at your retirement, incapacitation or death
The minimisation of taxes, court costs and unnecessary legal fees
Keeping your financial future on track
Like many financial planning services, estate planning can be complex and time-consuming. Maintaining full confidentiality and discretion at all times, the Angell Mallinder team will discuss your personal financial situation with you, help you calculate inheritance tax liabilities and advise you on the best way to plan your estate. We will review your estate plan regularly should your circumstances change, ensuring that your wishes are reflected at all times through a flexible and adaptable approach.
Writing and executing a will
Lasting power of attorney documents (LPA)
Funeral plans and arrangements
Implementing effective life assurance policies
Inheritance tax (IHT) planning
Investment strategies that are exempt from IHT
Tax-efficient gifts and charitable donations
Shareholder and cross-option agreements for business owners
Strategies to protect your savings
Get in touch today to speak to the Angell Mallinder team
6 High Street, Barrow upon Soar, Leicestershire, LE12 8PY
Angell Mallinder Limited is directly authorised and regulated by the Financial Conduct Authority (FCA).
Financial Services Register No: 496729.
Company Registration No: 6818411.
The Financial Ombudsman Service (FOS) is an agency for arbitrating on unresolved complaints between regulated firms and their clients. Full details of the FOS can be found on its website at www.financial-ombudsman.org.uk.