Estate Planning & IHT

Home Estate Planning & IHT

With over £5 billion being paid to HMRC annually in Inheritance Tax (IHT), it is clear, individuals can improve their tax efficiency in later life through better estate planning.

If you have been building up your assets throughout your life, you are probably looking to pass on as much of your wealth as you can to family when you pass away. With property prices rising substantially over the past 50 years, you don’t have to be exceptionally wealthy to leave behind a large inheritance tax bill.

divider

Our estate planning service can help you pass on more of your wealth to your family.

Without planning ahead, any part of your estate over the threshold of £325,000 could be taxed at 40%, this can result in your family missing out on a large part of your wealth.

Our Estate Planning service begins with:

  • Identifying your immediate and future needs taking into consideration potential provisions for long term care
  • Discussing your gifting wishes whilst you are alive
  • Understanding how your estate is to be distributed
  • Investigating the potential need to create Trusts, if appropriate to protect your wealth
  • Assessing the appropriateness of tax efficient investment plans that qualify for Business Relief – an investment that if held for 2 years qualifies for an IHT exemption
  • Planning on providing the liquidity required to settle any taxes on your estate
  • Considering the role of Life Assurance to fund any tax arising on your residual estate
The details of your actual plan are completely bespoke to your needs and wishes, we take time to understand these in our initial, complimentary, no-obligation discovery meeting.
Our main aim is to achieve inheritance tax exemption for your estate and deliver as much of your wealth to your loved ones once the inevitable occurs. We work with you to ensure you achieve your goals. If you would like to achieve peace of mind and a tax efficient plan for your estate, speak to our team of Chartered Financial Planners.

Download our ‘How to Reduce Inheritance Tax Guide’ below for more information on the solutions to reduce the amount of inheritance tax your estate will have to pay

Click below image to Download guide

IHT Guide

Further information about IHT & Estate Planning:

Estate Planning & IHTInvestment Solutions
A lifetime’s accumulated wealth will include...
A lifetime’s accumulated wealth will include assets such as a private property, savings, investments and perhaps also shares. Where assets are liquid, a...
 Find Out More
Estate Planning & IHTWhole Life Insurance
Where wealth consists mainly of illiquid...
Where wealth consists mainly of illiquid assets, such as property, an appropriate life policy in trust can provide the means to settle the Inheritance Tax...
 Find Out More
Estate Planning & IHTTrust Planning & Solutions
Lifetime transfers of wealth can be made in...
Lifetime transfers of wealth can be made in trust as a form of asset protection and to ensure monies reach the intended beneficiaries. Contact our trust...
 Find Out More
Estate Planning & IHTWills & Powers of Attorney
You will be aware of the need to have a valid...
You will be aware of the need to have a valid Will, however this is often overlooked as is the need to regularly update the Will to ensure it continues to...
 Find Out More
Love begins by taking care of the closest ones - the ones at home.
Mother Teresa

Fiducia Wealth Management have a true gem with Susie as part of their team

My mother used Fiducia Wealth Management for her financial advice and was extremely satisfied with their service. Seeing first-hand what a sound company they were I was happy invest with them, and have to say am more than satisfied in having Susie Laws acting as my Financial Planner. She is extremely diligent in her work, incredibly efficient (I cannot stress that enough) and, well in short, an absolute delight to work with. Having someone who takes time to understand your needs, provide qualified advice which is genuinely in your best interests as well as always being on hand to answer any queries and to go the extra mile(s) to assist you is not that easy to find. Fiducia Wealth Management have a true gem with Susie as part of their team – it is a privilege to be their client.
Jo Purcell

Susie has demonstrated a firm understanding of my requirements and I am only too happy to endorse her service skills.

For the past year, Susie has been actively involved in converting my pension investments, currently held in a SSAS, into a SIPP. Throughout the whole process Susie has demonstrated a firm understanding of my requirements and I am only too happy to endorse her service skills.
John Mellanby Managing Director - Essex

My main concern was to appoint someone who places my needs at the centre of their advice rather than their own financial gain. I am very comfortable that Susie and Fiducia do this

Susie has guided me in terms of my pension and personal investments in a very professional way. My main concern was to appoint someone who places my needs at the centre of their advice rather than their own financial gain. I am very comfortable that Susie and Fiducia do this which has encouraged me to put further faith and business in her hands.
Mr Ashton

My thanks to you and the team for your help

You may recall that our affairs were so fragmented that I had to resort to A3 paper in order to be able to read the print out of my spreadsheet. I am pleased to say that I am now back to using A4 paper, so matters are becoming simpler and clearer. My thanks to you and the team for your help with this (and for saving a few more trees).
Fiducia Client

Fiducia are an unfailing helpful and knowledgeable group of people whose investment analysis and advice has helped grow my pension and savings portfolio over the many years I have been privileged to have them as my financial advisers.

Fiducia are an unfailing helpful and knowledgeable group of people whose investment analysis and advice has helped grow my pension and savings portfolio over the many years I have been privileged to have them as my financial advisers. Their careful analysis of my risk profile and their choice of funds for me have increased the value of my portfolio despite the global market upheavals of recent and less recent memory. I find their regular market surveys distributed to clients to have an impressive depth of knowledge. I have no hesitation in recommending their services to friends and family and will continue to do so.
Mr Brown Solicitor, Hadleigh in Suffolk

Fiducia have treated me so well over the years moving my money around, so that overall I have gained and recently when they knew I was considering cashing in my pension they suggested I move it to ‘safe’ investments.

I have had my pension with Fiducia for many years. I am not a big investor. Fiducia have treated me so well over the years moving my money around, so that overall I have gained and recently when they knew I was considering cashing in my pension they suggested I move it to 'safe' investments, as the referendum was about to happen and as we have seen this was excellent advice. This is why they are so good. They suggest actions to the client and are in frequent contact. Previously I was with two different companies and was basically left alone and when I was contacted, it could be from any number of people, whereas the same person has always dealt with me at Fiducia. I have watched this company grow, always putting the client needs first and not just those with large pension pots!
Mrs Clibborn Business Owner, London
divider
Interested in working with Fiducia?
Email Fiducia
+44 (0)1206 321045 Office hours: 9am - 5pm
Become a client

TrustsNews & Case Studies

View More

As you approach later life, thoughts inevitably turn to making provisions for your children and grandchildren with the wealth and assets you will one day leave behind. One of the key concerns people have around estate planning is how to avoid burdening beneficiaries with unnecessary Inheritance Tax (IHT) bills.

Balanced by the need to maintain your own financial stability throughout retirement, IHT liabilities can be reduced by transferring wealth to loved ones during your lifetime. A combination of gifts and trusts provide legitimate vehicles to this end, while investment planning and life assurance can be used to further lower or offset tax costs.

Our experienced professional team of financial advisers will help you understand the rules and quota limits relating to gifts and trusts, the best ways to organise investments from a tax perspective, and how whole life insurance policies can be used to generate capital sums that cover IHT owed on estates.

The starting point for our estate planning strategies is always your wishes – how you want your estate to be managed, who you want the beneficiaries to be, and what you want the outcome to be in material terms. Guided by you, our specialists will put the plans in place to ensure your wishes are honoured.

Estate planning services summary

  • Trust Planning & Solutions. Trusts offer a means of transferring wealth during your lifetime and protecting assets from IHT liabilities. Find out more here about how we can advise on the different types of trust available, and help trustees meet their legal obligations.
  • Financial Investment Advice. Certain investments become exempt from IHT after a specified period of time. Read more about which investments offer the best options as part of your estate planning strategy.
  • Whole Life Insurance. In the case of illiquid assets, such as property, appropriate life policies in trust can generate payouts which offset the IHT liability on your estate. Learn more here.
  • Wills & Powers of Attorney. We do not provide a will writing service, but we can offer specialist advice on the role of wills and powers of attorney in estate planning and management, as explained further here.
  • Bereavement advice. If you have suffered a recent family bereavement, we can help you through the often challenging process of obtaining a grant of probate.
Gain further insight to all things financial

Watch the Fiducia YouTube channel for our Economic and Market updates.

View Channel
Fiducia Wealth Management | May 2021 | An Economic update Q&A with Michael Hughes
Latest News from Fiducia