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Advice to Trustees
The Trustee Act 2000 imposes specific duties on Trustees. These include the implementation of a standard investment criteria, regular revision of the suitability of the chosen investment strategy, and commensurately, estate planning requires the need for diversification through differing types of investments held. We offer advice to Trustees on the suitability of different asset classes and investment risk as well as on the most tax-efficient investment products, to meet the Trust’s objectives.
Estate Planning
Much can be achieved by careful planning and drafting of wills, and the ability to transfer the unused portion of a nil rate band between spouses or civil partners. This has greatly improved the Inheritance Tax position for many people. However, for those with larger estates, alternative planning solutions are still required and we are experienced in advising on some less widely known opportunities to reduce the impact of IHT.
Estate Protection
We see Life Assurance as a last resort, but its use in conjunction with the right Trust arrangements can be a powerful planning tool in preserving hard-earned assets for the next generation for a fraction of the cost of the IHT bill. We have many years’ experience in advising on the most suitable type of policies to provide you and your clients with the reassurance that the provision they take out will perform the task that they want it to.
Wealth Management
For professionals and business owners alike, it is beneficial to assess whether their financial strategy is likely to meet their personal aims and objectives and provide them with their desired lifestyle in retirement.
We offer your clients a comprehensive financial plan; this includes a valuable lifetime cash flow forecast, an indication as to whether their financial strategy will enable them to achieve their personal lifestyle goals and leave them secure for life, or whether they are likely to run out of capital at some point. We can also build scenarios, test the 'what if' questions clients invariably raise, such as death of a partner, or enforced retirement due to illness or disability.
How powerful would it be to be able to advise a business owner when deciding if and when they could afford to retire, or calculate the sum they needed to realise from the sale of the business in order to achieve and/or maintain the desired lifestyle in retirement?
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