In later life, it can be hard to prepare for unexpected costs, such as care home fees and medical expenses, which is why some clients are reluctant to start estate planning because they fear losing control over their assets and their ongoing security
Estate planning really means organising your assets effectively so that they go to your children, grandchildren, friends and charities when you die, rather than to the tax man. We can often reduce Inheritance Tax and sometimes eliminate it altogether using the available allowances and some clever planning.
Lately we have been talking to clients about innovative solutions that allow them to move money outside their estate for tax purposes, while at the same time allowing them full access to the funds if they need them. These solutions involve free withdrawals, access to money usually within two/three weeks and even regular withdrawals if required.
Any financial solution must suit individual circumstances, risk appetite and match your life goals and objectives. So if you or any family members want to start looking closer at your estate and financial planning and options available to you, call us for a friendly chat.