Creating wealth requires enterprise, vision, and a mixture of hard work and luck.
Preserving and protecting wealth is not just about accumulating assets, but also about ensuring that those assets are managed and distributed in a way that reflects your values and objectives.
At The Heritage Partnership, we believe that protecting your wealth for generations to come requires vision and well thought out trust and legacy planning. Therefore, we work with our clients to develop a comprehensive plan that reflects their unique circumstances and objectives. We take the time to understand your family dynamics, your goals, and your values, and work with you to create a plan that addresses your needs and concerns.
Estate Planning
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.
Estate planning is an important consideration when it comes to preserving and protecting wealth. It is more than just the assets you leave behind; it’s the values, principles, and beliefs that define you and your family. By taking the time to define and articulate your estate, you can ensure that your beneficiaries understand your intentions and how to carry them out with your best interests in mind.
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.
Inheritance Tax
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.
Guardianship
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 that are offered by St. James’s Place.
A plan for the future.
Ultimately, the goal of trust and legacy planning is to leave a lasting legacy for your beneficiaries. By taking a strategic approach to managing your wealth and assets in cooperation with our team here at The Heritage Partnership, you can ensure that your beneficiaries are provided for in a way that aligns with your values and objectives. With the right planning and guidance, you can protect your wealth and leave a lasting legacy for generations to come.
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.
