Understand
We will look at your current situation and your financial objectives to understand your estate and what that would mean to you and your family.
Wealth preservation for families is more important than ever.
Understanding what your options are ensure you can leave as much of your estate to those you love.
When you speak with our financial advisers we’ll help you to prepare for what happens to your assets when you are older, and when you’re no longer here.
We will look at your current situation and your financial objectives to understand your estate and what that would mean to you and your family.
We will recommend solutions to help simplify your estate that helps to achieve your wealth preservation objectives. We’ll also suggest the best ways for you to pass on your wealth to your family and loved ones.
We will source the right product for you to help achieve your estate planning goals.
The political landscape and changing governments can lead to some quite seismic shifts for estate planning so it is vital we review your plan regularly. This ensures any changes impacting any individual are amended and managed to take advantage of the situation as they arise.
You may want your money to be used in a specific way or you may just want to make sure that it stays within your family when you're no longer here.
Whatever assets or wealth you have accumulated in life, you will have your own personal plans for how your legacy is shared with those you care about. Keeping your plans up to date with the current inheritance tax regulation is important and the sooner you have a plan in place, the more options you’ll have for passing on your wealth efficiently.
Working with our advisers we can help you to understand what’s involved in estate planning – as well as the implications of any decisions you make, so that your wealth is passed on in line with your wishes.
Inheritance Tax (IHT) is one of the most complex areas of financial planning and the rules change frequently. IHT is a tax on the assets that belong to you when you die. Assets include the total of everything owned by you and a share of anything owned jointly. Here are the most common assets:
Some assets are exempt from IHT or are at least eligible for a reduced rate. They include certain types of businesses, agricultural and woodland property, and heritage assets (a building, land, or objects of national scientific, historic or artistic importance).
We will advise on investment products that help manage your inheritance tax position effectively whilst you retain the use and control of the capital.
HM Revenue and Customs practice and the law relating to taxation are complex and subject to individual circumstances and changes which cannot be foreseen.
Will writing is not part of the 2plan wealth management Ltd offering and is offered in our own right. 2plan wealth management Ltd accept no responsibility for this aspect of our business.
Please note that the Financial Conduct Authority do not regulate will writing, tax planning and trusts.
We can help you to gift money directly to family members or trusts with or without conditions. Providing you live for seven years, anyone who receives the gift will not have to pay Inheritance Tax.
It’s crucial that you have a Will written.
Having a Will in place makes sure that your assets are shared out as you would like when you are no longer here. Keeping it up to date also avoids potentially costly and time-consuming problems for your family after you die.
Without a Will, your estate will be subject to rules which could mean the things you leave behind don’t go to the people you’d like them to.
Money held in your pension will normally be exempt from Inheritance Tax, making this a valuable way to pass on wealth.
Find out more about pension planningYou could make it easier for your family to pay their Inheritance tax bill by taking out a life insurance policy to cover it. Make sure the pay-out goes into trust – if you don’t it will make your estate bigger and increase the tax liability.
Find out more about life insurance
