Legacy and Multi-Generational Wealth Planning
Creating wealth requires enterprise, vision, and a mixture of hard work and luck.
Preserving and protecting wealth requires vision along with well thought out trust and legacy planning. Only by tackling this process will you be able to leave a legacy for your beneficiaries.
You may think that estate planning is all about what happens to your assets after you pass away. While that’s true, it’s also about organising your assets now to maximise their effectiveness, to protect and benefit your loved ones or to minimise the impact of taxation.
Our access to professional and straightforward Will Writing service gives you peace of mind that your loved ones will be provided for should the worst happen.
Without proper advice and careful financial planning, the tax office can become the biggest beneficiary of your estate. Several vehicles and different methods can help mitigate Inheritance Tax, but no process can or should be considered a “one-stop solution” as everyone has different circumstances and requirements.
Legacy and intergenerational wealth planning:
Families should use their joint assets to support each other during their lifetime. Traditionally, after death, assets are passed from one generation to the next. However, increasing life expectancy and profound societal changes mean that many families need to rethink how their assets can be used across generations to benefit the whole family.
We offer estate planning and tax-compliant solutions while providing much-needed support to ease the financial burdens of everyday life.
In the event of your untimely death, don’t be put in a situation where the courts decide who will care for your children. Appointing guardians, both temporary and permanent can provide both a quick and long-term solution to this situation.
Advice relating to a will or matters of guardianship involves the referral to a service that is separate and distinct from those offered by St. James’s Place.
The levels and bases of taxation and reliefs from taxation can change at any time. The value of any tax relief depends on individual circumstances. You are advised to seek independent tax advice from suitably qualified professionals before making any decision as to the tax implications of any investment.
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