Estate Plan
An Estate Plan is a set of pre thought out set of strategies and documents that will make it simple for your loved ones to inherit your wealth.
There are three basic elements to an estate plan:
1. Prepare a list of all you own.
2. Establish how much its potentially worth.
3. Think about who you want to inherit.
We then specialise in how to implement a strategy, by way of Trusts and Wills, on how the above is carries out speedily and tax efficiently.
We review how you own your wealth e.g.
1. Your home.
Do you own it in your own name? Do you own it jointly with your partner/spouse? Does your former spouse still own it?
2. Your investments.
Who's name is on the account, certificate?
3. Your business.
Do you have a succession strategy in place. Would you like to be in business with your ex business partners wife's solicitor and a new boyfriend?
We help you establish how much its worth.
How much is your house worth?
How much is your investments and pensions are worth?
How much is your business worth?
How much life cover do you have?
Will there be any Inheritance Tax payable?
Once we establish how much your wealth is, then we determine if there will be any inheritance tax payable.
We then implement various IHT Mitigation Strategies so that the tax man doesn't become one of the biggest beneficiary of your estate.
Who will inherit?
Once you decide who you want your wealth to go to then we set up various nominations.
This means we set up Wills, Trusts (within the Will or during your lifetime). Inform pension companies who the benefit is to go to.
Having a comprehensive Estate Plan, designed by Family Will Company, will ensure that your wealth will go to the people nearest and dearest to you.
There are three basic elements to an estate plan:
1. Prepare a list of all you own.
2. Establish how much its potentially worth.
3. Think about who you want to inherit.
We then specialise in how to implement a strategy, by way of Trusts and Wills, on how the above is carries out speedily and tax efficiently.
We review how you own your wealth e.g.
1. Your home.
Do you own it in your own name? Do you own it jointly with your partner/spouse? Does your former spouse still own it?
2. Your investments.
Who's name is on the account, certificate?
3. Your business.
Do you have a succession strategy in place. Would you like to be in business with your ex business partners wife's solicitor and a new boyfriend?
We help you establish how much its worth.
How much is your house worth?
How much is your investments and pensions are worth?
How much is your business worth?
How much life cover do you have?
Will there be any Inheritance Tax payable?
Once we establish how much your wealth is, then we determine if there will be any inheritance tax payable.
We then implement various IHT Mitigation Strategies so that the tax man doesn't become one of the biggest beneficiary of your estate.
Who will inherit?
Once you decide who you want your wealth to go to then we set up various nominations.
This means we set up Wills, Trusts (within the Will or during your lifetime). Inform pension companies who the benefit is to go to.
Having a comprehensive Estate Plan, designed by Family Will Company, will ensure that your wealth will go to the people nearest and dearest to you.
