Protection for the unexpected Critical illness policies are the type of policy nobody wishes to have to claim against, yet evidence shows that these are vitally important policies that can support families and secure their financial wellbeing during the worst of times. Most people buy critical illness cover when they take on a major financial… Continue reading Critical illness cover
Category: Protection
Income protection insurance
How would you pay the bills if you were sick or injured and couldn’t work? Protecting your income should be taken very seriously, given the limited government support available. How would you pay the bills if you were sick or injured and couldn’t work? Income protection insurance, formerly known as ‘permanent health insurance’, is a… Continue reading Income protection insurance
Inheritance Tax
Isn’t it time you assessed your estate’s potential liability? In the event of your premature death, unless you plan carefully your family could end up paying a sum in Inheritance Tax (IHT). Have you recently assessed your potential liability to IHT? If so, and you have a potential liability, have you planned to reduce it?… Continue reading Inheritance Tax
Trusts
Helping you control and protect your assets One of the most effective ways you can manage your estate planning is through setting up a trust. The structures into which you can transfer your assets can have lasting consequences for you and your family, so it is important that you obtain professional advice as the right… Continue reading Trusts
Paying Inheritance Tax
Estimating how much liability you could leave behind for your loved ones Usually the ‘executor’ of the Will or the ‘administrator’ of the estate pays Inheritance Tax using funds from the estate. An executor is a person named in the Will to deal with the estate – there can be more than one. An administrator… Continue reading Paying Inheritance Tax
Inheritance Tax checklist
Start planning today to spare your family from a potential Inheritance Tax bill tomorrow 1. The main ways to avoid Inheritance Tax are to spend your money while you are alive or give it away. 2. Work out how much IHT might be due on your estate and regularly review it so you know what… Continue reading Inheritance Tax checklist
Trust solutions
Different trust solutions to managing your wealth We can advise you on a range of different trust solutions, each designed with a particular purpose in mind. Some types of trust are treated differently for Inheritance Tax purposes. Many people would like to make gifts to reduce IHT but are concerned about losing control of the money.… Continue reading Trust solutions
Life assurance cover
Funding a potential Inheritance Tax liability After taking the appropriate steps to put in place an Inheritance Tax planning strategy, if there is still the potential likelihood of a liability on your estate, or if you have made gifts which have created a potential liability for the recipients if you die within seven years, we… Continue reading Life assurance cover
Power of Attorney
Providing the legal authority to act on your behalf A Power of Attorney is a legal document that allows you to give someone else the legal authority to act on your behalf. There are several different types of Power of Attorney. A Lasting Power of Attorney (LPA) (previously called an ‘Enduring Power of Attorney’) allows your… Continue reading Power of Attorney
Accumulating wealth for your children or grandchildren
How to give them a financial head start in life as they grow up in the modern world Anyone with children knows there will be lots of demands on the household finances, but when it comes to long-term saving, perhaps for university or a first home, even a small sum can give your child a… Continue reading Accumulating wealth for your children or grandchildren
