Family Succession Planning and Trust Services

Current Landscape

Inheritance Tax Figures: Inheritance tax has already generated £7.8 billion this year.
Our Goal: Prioritise your financial security and subsequently safeguard your wealth for future generations.
Common Challenges: Many individuals either need to review their existing strategies or lack a strategy entirely.

Holistic Approach

We consider the complete picture, addressing the needs and aspirations of multiple family generations and diverse families which every family has specific requirements. We use a combination of the following options to help clients create a plan.

Planning Options

1. Do Nothing
– Maintain the current situation without altering your assets or strategy, which will result in paying the inheritance tax.

2. Spend It
– Utilise your assets during your lifetime, thereby reducing the amount subject to inheritance tax.

3. Rearrange Your Assets
– Adjust your asset allocation strategically to minimise inheritance tax liabilities.

4. Gift It Away
– Transfer wealth directly or establish a family trust to pass on assets and reduce inheritance tax.

5. Insure the Liability
– Acquire insurance to cover potential inheritance tax, ensuring your beneficiaries receive their full inheritance.

Frequently Asked Questions

HOW CAN I ENSURE A SMOOTH TRANSITION OF MY ASSETS TO THE NEXT GENERATION?

Effective succession planning is key to ensuring your assets are transferred seamlessly to your heirs. Learn about the strategies and tools available to minimise disputes and maximise the value passed on to your loved ones.

WHAT TAX CONSIDERATIONS SHOULD I BE AWARE OF IN SUCCESSION PLANNING?

Tax implications can greatly affect the value of the assets you pass on to your heirs. Understand the key tax considerations in succession planning and how to mitigate them through strategic planning.

WHAT IS THE ROLE OF A TRUST IN FAMILY SUCCESSION PLANNING?

Trusts can offer significant benefits in managing and protecting your assets for future generations. Explore how different types of trusts can be utilised to meet your specific needs and goals.

HOW CAN I PREPARE MY FAMILY FOR THEIR INHERITANCE IN ADVANCE?

Preparing your family for their inheritance is as important as the financial planning itself. Learn about the steps you can take to ensure your heirs are ready to manage and preserve their inheritance responsibly.

HOW DO I CHOOSE THE RIGHT TRUSTEE FOR MY TRUST?

Selecting a reliable trustee is crucial for the effective administration of your trust. Discover the qualities to look for in a trustee and the responsibilities they will undertake to safeguard your assets.

WHAT LEGAL DOCUMENTS ARE ESSENTIAL FOR FAMILY SUCCESSION PLANNING?

Having the correct legal documents in place is vital for an effective succession plan. Explore the essential documents, such as wills and power of attorney, and their roles in securing your family’s future.

Get in touch