wills, trusts & estate planning

 

The Truth About Wills, Trusts & Estate Planning

The most common Will in the UK for a typical family, normally leaves everything to the surviving spouse and then onto the children. For most people this is a terrible Will. The basic principal behind making a Will is to ensure that the right money goes to the right people, at the right time, however, without undertaking true Estate Planning, there is no guarantee that this money will stay with our loved ones.

“Making sure the right money, goes to the right people, at the right time” – The Redwood Philosophy

There are lots of unforeseen eventualities which could take our wealth away from our loved ones. Inheritances can be lost if your beneficiaries get divorced, go bankrupt or need long term care. HMRC can also sometimes end up the most significant beneficiary of your Estate with Inheritance Tax currently charged at 40%!

Estate Planning has two levels, firstly it is about protecting you and your wealth while you are still alive and secondly it is then about ensuring that when the time comes, your estate passes to the right people, at the right time and most importantly, stays there!

Over the years, we have come to understand that discussing what you would like to have happen with your Estate when that time comes, is very emotional and is often a difficult conversation to have, however our expert advisors can explain this complex area of law, in a really simple, clear and easy to understand way.

Taking action now to organise your affairs and protect your family’s wealth is always the better option, than leaving things until it’s too late.

Wills, Trusts & Estate Planning is a core area of speciality and passion for us. Helping clients achieve peace mind, once they know their affairs are in order and more importantly, helping to protect our client’s wealth for the next generation, is why this area of planning is so important.

Our experience has taught us that generally most clients have three main worries and concerns when it comes to their estate planning:

  1. How can I protect my wealth being eroded from Long Term Care Fees?
  2. How can I reduce the Inheritance Tax liability on my Estate?
  3. How do I make sure, my wealth gets passed onto my beneficiaries and stays there?

Thankfully, our expertise in both Estate Planning and Financial Planning means we can help our clients solve all of the above questions.

We can accommodate every client’s needs, whether they just require a basic Will or whether they want to have a comprehensive Estate Plan drawn up to cover Inheritance Tax Planning, Long Term Care Fee Planning, Trusts, Wills and Lasting Powers of Attorney. The most important aspect to a client’s estate planning is that they select the right level of planning which they feel is right for them and their needs.

At Redwood, we only work with clients on a fixed fee basis, which means all our fees are completely transparent and clear at all times. This allows our clients to make informed-decisions about what planning to implement.

To give people information regarding this complex area of law, we also run FREE Seminars on this topic. If you are interested in attending one of our FREE Wills, Trusts & Estate Planning Seminars, please view our Seminar Calendar for the upcoming dates and venues across Hampshire.

Or book an initial consultation by contacting us on 01489 877547.

 

The Financial Conduct Authority do not regulate Will Writing, Buy to Let Mortgages, Auto-Enrolment, Tax Advice and Estate Planning.

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Statement

Redwood Financial Family Wealth & Estate Planners Ltd is Directly Authorised and regulated by the Financial Conduct Authority. FRN number 774469.

Disclaimers

The Financial Conduct Authority do not regulate, Will Writing, Buy to Let Mortgages, Auto-Enrolment, Tax Advice and Estate Planning. Your capital is at risk. Investments can fluctuate in value and investors may not get the amount back they invest. The guidance and/or advice contained within the website is subject to the UK regulatory regime and is therefore primarily targeted at customers in the UK. https://register.fca.org.uk/

Contact us

Telephone: 01489 877547
Email: info@redwoodfinancial.co.uk

Company information

Redwood Financial Family Wealth and Estate Planners Ltd Company Number: 08926661
Registered Office Address: Wellesley House, 204 London Road, Waterlooville, Hampshire,