Estate and inheritance planning
Estate planning isn’t just about tax. It’s about making sure the people you care about are looked after in the future, with as little stress as possible. Whether you’re thinking about children, grandchildren, or leaving a legacy for a cause close to your heart, we can help you get it right.
Why it's important to have a plan
Passing on wealth to future generations is one of the most meaningful things you can do. But without the right planning, it can come with unnecessary cost and complications.
Inheritance tax is no longer something that just effects the very wealthy. With rising property prices and frozen thresholds, more estates than ever are becoming affected. The standard Inheritance Tax rate is 40%, which means careful planning is key.
We can help you understand your options clearly. Whether that’s structuring your estate efficiently, gifting or drawing an income with inheritance tax in mind.
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.
What we can do for you
Structure Estate for Tax Efficiency
An adviser can help you make sense of the Inheritance Tax Rules and thresholds, and structure your assets to minimise tax liabilities.
Wills & Power of Attorney
Wills and Power of Attorney are key tools for protecting your wishes. We’ll help you ensure that they’re clear, up to date – including referrals where specialist legal advice is needed.
Lifetime Gifting Strategies
Gifting during your lifetime can be a smart way to reduce future tax and brings the bonus of seeing your money being put to good use now.
Life in Trust
A life insurance written in trust to pay out a lump sum on death, and is often used to cover the inheritance tax bill.
Understand Your Liability
An adviser can calculate your current tax liability, based on the current tax landscape, of course.
Trustee & Beneficiary Support
We can help you manage and educate the people receiving your estate. As well as setting up the right frameworks to protect vulnerable or financially inexperienced loved ones.
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.
Will writing, Powers of Attorney and legal advice will involve the referral to a service which is separate and distinct to those offered by St. James's Place and along with Trusts are not regulated by the Financial Conduct Authority.
