Estate Planning
The St. James’s Place approach to trust and estate planning
The creation and the retention of wealth are goals many of us aspire to.
But when our objectives change and it comes to providing for successive generations, it is the protection of accumulated wealth which becomes important, in particular from the incidence of Inheritance Tax (IHT).
However, wealth also needs to be protected from outside ‘events’ which may lead to your chosen beneficiaries being unable, unwilling or insufficiently responsible to look after funds themselves. For example, it needs to be protected for generations not yet born and those who may be at risk of divorce or bankruptcy.
To create wealth takes enterprise, vision and usually a mixture of hard work and good fortune. To retain and protect wealth requires sensible and simple trust and estate planning.
What is trust and estate planning?
There are three practical courses of action that may be taken to preserve and enhance your wealth for your heirs:
• Make sure your financial affairs and your Will are arranged to ensure the efficient transfer of your assets on death, while saving the maximum amount of tax.
• Transfer assets before your death through the prudent use of lifetime gifts.
• Create a tax-efficient fund to enable the beneficiaries of your estate to meet the IHT liability or to provide a legacy.
No one method can, or should, be considered a ‘complete solution’ as each individual will have different circumstances and requirements.
Inheritance Tax Planning and your Priorities: before any Inheritance Tax Planning is undertaken, there are certain fundamental considerations that should be incorporated into your strategy...
Inheritance Tax - Planning Opportunities: practical courses of action to mitigate Inheritance Tax...
Trust and Estate Planning Service designed to help you mitigate Inheritance Tax and Capital Gains Tax, through the use of Trusts...
Find out if you will be liable for inheritance tax...
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Trusts are not regulated by the Financial Services Authority
