It is crucial to find out now if you potentially have an Inheritance Tax liability – or could do so in future years. Historically, Inheritance Tax planning used to be an activity confined to the very rich. However, growing affluence means that this is no longer the case. Even families and individuals with a relatively moderate level of wealth should consider planning ahead to ensure that their asset protection plans are in place and passed on to their loved ones as efficiently as possible. Property price increases have also dragged many middle-class working families into the tax bracket.

Effective estate planning is about getting the right balance between asset protection and maintaining access to your money when you need it. This is because, in general, the more tax-efficient a solution is, the less access you have to your assets. Safeguarding your own financial future is very important, and giving too much away could put this at risk.

At Executive Wealth Services, we cannot stress how important making a Will is, as without one all decisions relating to your affairs will be made by the state – this includes who looks after your children. If you were to die without having made a Will, the surviving spouse will not automatically inherit the estate but only a part of it, even if you were married with children. Furthermore, without taking court action, common law partners would get nothing.

There are so many other factors to be considered even if you do have a Will in place. Is it up to date? Has it been invalidated by marriage? If you have children, have you appointed guardians? If the executors are a bank or solicitor, they take part of the estate – is this what you really want?

If you're reading this it's likely you're thinking about making a big decision. Who can you trust to help decide how and when and where to make a will, plan your Inheritance Tax liability or set up a Family Trust? By understanding you, your needs and wants are all unique to you, we are confident of meeting and exceeding your expectations. Executive Wealth Services have a combined experience of over 75 years assisting clients and each member has built a strong reputation for client satisfaction. As we work together, you will realise we don’t just provide advice. Each of your options will be thoroughly explained, mindful of any tax implications and your preferred level of risk. 

Our service is entirely tailored for your circumstances and we will always advise in your best interests.