Are you concerned about what will happen to your estate on your death? What inheritance tax would be payable by your executors? Do you want to protect your benefactors as much as possible from having to relinquish a large proportion of your hard earned assets?
In all likelihood you have worked hard to build up your assets and wealth and you want your family and others to benefit when the time comes. As a firm of Independent Financial Advisers, we provide inheritance tax and estate planning advice to our clients throughout the North East of England, to ensure that they take all the steps possible to ensure their planning is efficient and gives the best outcome.
At Pilling Financial, we work with you to understand the detail of what you wish to achieve with your estate planning and also advise you on what’s possible and what you need to consider.
Perhaps you like to leave financial gifts to children and to grandchildren or set up a Life Insurance Trust for beneficiaries?
Maybe you are concerned about what would happen if you require long term care. How would you pay for nursing home fees whilst still protecting your estate for your dependants?
Don’t put off estate planning
The reality is, without the right estate planning, your family and other benefactors could end up having to give a large proportion of your money away in inheritance tax or even be forced to sell property or other assets if you have not made the appropriate provisions. None of us know when we will die, and putting off estate planning can be a risky strategy and, for some, a very expensive mistake.
Property prices have risen greatly in the last few years and as a consequence, many more people find themselves over the IHT (Inheritance tax threshold) without knowing, purely on the value of their property.
The typical tax over inheritance tax threshold is 40%, so once your estate reaches that current IHT, you could be handing over thousands and thousands of pounds.
With the right estate planning, we can help safeguard your family’s inheritance and ensure your wishes are taken care of.
To find out how we can assist use our contact form here.
Please note: The FCA do not regulate some forms of inheritance tax planning. The Financial Conduct Authority does not regulate taxation and trust advice or will writing.