Estate Planning & Wealth Transfer
Estate planning is about deciding what should happen to your wealth in the future. For some families this means reviewing a will. For others, it involves looking at pensions, investments, property, gifts and inheritance tax as part of one overall plan.
How Can You Make Sure Your Wealth Goes to the People You Want It To?
A comprehensive estate strategy aligns your wills, trusts, pensions, and personal assets into one cohesive, tax-efficient roadmap for the next generation.
What should I include in an estate plan?
Your estate plan should reflect your assets, your family and what you want to happen to your wealth.
This may include your home, investments, pensions, business interests and other assets.
How does inheritance tax fit into estate planning?
If your estate could be affected by inheritance tax, it is worth understanding the potential position before making decisions.
There may be options to consider, but the right approach depends on your circumstances.
Should I give my children money during my lifetime?
Lifetime gifts can be useful in some circumstances, but they need careful consideration.
You need to balance helping the next generation with ensuring you retain enough money for your own future needs.
Do I need to review my estate plan?
Yes, particularly after major life changes.
Marriage, divorce, grandchildren, property purchases, business sales or a significant change in your wealth can all be reasons to review your arrangements.
Important Legal & Estate Planning Notice:
Will writing, legal estate planning services, and advice on certain types of trusts are not regulated by the Financial Conduct Authority (FCA).
Tax treatment and tax reliefs depend on individual circumstances and HM Revenue & Customs (HMRC) rules, which are subject to change. Always consult appropriately qualified estate planning and legal professionals alongside financial advice.
Understand How Your Assets Fit Into Your Estate Plan
If you want to understand how your pensions, investments and property fit into your estate plan, contact Corcillium Wealth Management to arrange a conversation.
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