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Estate Planning

Our clients are generally keen to ensure that their loved ones receive their legacy in a protected and tax efficient manner.

Our advisers work closely with our legal partners to deliver strategies that not only meet this objective but also ensure that you have enough money to secure the retirement you deserve.

Our cashflow modelling software underpins this process and allows us to explore various planning options until the ultimate strategy is identified.

This might include:

  • The facilitation of new wills (perhaps including trusts for asset protection or inheritance tax efficiency)
  • Lifetime gifts to individuals or trusts
  • Inheritance tax efficient investments
  • Pension structures as wealth transfer vehicles
  • Whole of Life Insurance to provide for Inheritance Tax liabilities without the need for re-arranging your affairs

*Wills and trusts are not regulated by the Financial Conduct Authority.

Although my own financial future is my first priority, knowing the kids won't lose out was also important to me"

Contact us today

If you require assistance with estate planning and would like your loved ones to receive your legacy in a protected and tax efficient manner, contact us today.

If you need help with estate financial planning, choose Prime Wealth. When you opt for our services, you can rest assured that you’re working with a specialist that has the best interests of you and your loved ones at heart. We do everything in our power to ensure your loved ones are able to gain access to your legacy in a protected and tax-efficient manner. We also do all we can to ensure you are able to enjoy your retirement to the full.

Protect your wealth

We use special cashflow modelling software to assess a range of planning options before identifying the ideal strategy for your needs. Steps you might wish to take to protect your legacy can include creating new wills, using trusts to protect assets and reduce the inheritance tax burden, using lifetime gifts, making inheritance tax-efficient investments and using Whole of Life Insurance to ensure IHT liabilities are covered without the need to re-arrange your affairs. We can also help you transfer wealth to the right individuals via pension structures.

Take action now

It’s never too soon to start planning your estate. Our services are designed to keep your tax liability to a minimum whilst maximising the value of your estate. Carefully-drafted wills can help you ensure your wishes become a reality when you pass away, giving you the peace of mind that comes with knowing your loved ones will be provided for.

Estate planning and Wills

Making a Will is one of the most important parts of estate planning. Many people wrongly think they are too young to write a Will, but intestacy laws could leave your assets ending up in the wrong hands. When you make a Will, you can explicitly state where you want your property and assets to go. Your Will can be used to tell others who you want to benefit from your assets, how much you wish to pass onto your children and whether you wish to pass onto any grandchildren. If you own a business, you can use your Will to state who you wish to pass it onto.

Reducing Inheritance Tax

Estate planning can be the difference between as much wealth as possible going to your loved ones and up to 40% of your estate being handed over to the taxman. Over recent years, more and more property owners have expressed concerns about Inheritance Tax – the threshold of which has remained the same despite of values in property prices. We will ensure that you have plans in place to mitigate the impact of this.

Successful estate planning can be a drawn-out process, which is why it’s best to act as soon as possible if you don’t already have something in place. Using trusts, gifts and transferring property carefully can all help you reduce your IHT liabilities.

Contact us today

If you are eager to leave as much of your wealth as possible to your family, contact Prime Wealth today. You can reach us by getting in touch via the website. Our services are of benefit to individuals, couples, collectives and business owners.

Prime Wealth Planning Limited is an appointed representative of Best Practice IFA Group Ltd, which is authorised and regulated by the Financial Conduct Authority. Registered Office: 5 Argosy Court, Scimitar Way, Whitley Business Park, Coventry, CV3 4GA. Registered in England and Wales No. 8003140. A list of Directors is available at the Registered Office. The information contained within this site is subject to the UK regulatory regime and is therefore targeted primarily at consumers based in the UK. Prime Wealth Planning Limited is entered on the FCA register (https://register.fca.org.uk/) under reference 586270. The Financial Ombudsman Service is available to sort out individual complaints that clients and financial services businesses aren't able to resolve themselves. To contact the Financial Ombudsman Service, please visit www.financial-ombudsman.org.uk.