Planning for the Future
Having a will makes life easier for those left behind. It isn’t a topic we like to think about but planning your finances for the time when you are no longer around is incredibly important.
Irrespective of the size of estate you may leave, your plans for its distribution need to be formalised, because without this, it may cause more distress to your loved ones at a very difficult time.
Estate planning can be a simple process and it ensures that your assets will go to your chosen family/friends. Our process for wills and estate planning involves:
- Working with solicitors to guarantee an accurately drafted will that states the intended distribution of assets upon your death.
- Advising you on the appropriate strategies to use for planning all aspects of inheritance.
Not all areas of Estate Planning are regulated by the Financial Conduct Authority.
Inheritance Tax Planning
It is important to understand what would happen if you chose to do no inheritance tax planning, as this often drives clients to get their affairs in order. Plans can be modified in the event of any changes in situation so the plan being fixed is not a concern.
After learning about your circumstances, we will create a tailored plan, usually featuring a combination of approaches. This will take into account factors such as:
- Equity Release
Your tailored plan will be based on aspects of your individual circumstances such as:
- Marital status
- Health status
- Financial circumstances
- Potential for future income
Equity Release mortgages are complex products. To understand the features and risks, ask for a personalised illustration.
Book a consultation
Start your journey with GIFP. Call us on 01686 623975 to book your first consultation, free of charge.
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