Notice: ***2023 CHRISTMAS OPENING TIMES*** arrow-right

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Please note our offices will be open throughout the upcoming 2023 Christmas period at the below times:

Monday 18th December 2023

9am to 5pm OPEN AS USUAL

Tuesday 19th December 2023

9am to 5pm OPEN AS USUAL

Wednesday 20th December 2023

9am to 5pm OPEN AS USUAL

Thursday 21st December 2023

9am to 5pm OPEN AS USUAL

Friday 22nd December 2023

9am - 12pm CLOSING AT MIDDAY

Monday 25th December 2023

CLOSED ALL DAY

Tuesday 26th December 2023

CLOSED ALL DAY

Wednesday 27th December 2023

9am - 5pm OPEN AS USUAL

Thursday 28th December 2023

9am - 5pm OPEN AS USUAL

Friday 29th December 2023

9am - 5pm OPEN AS USUAL

Monday 1st January 2024

CLOSED ALL DAY

Tuesday 2nd January 2024

9am - 5pm BACK TO NORMAL SERVICE

Whole Life Insurance

Home Estate Planning & IHT Whole Life Insurance

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 to prevent the sale of this asset. Discuss our whole life insurance services and whole of life policies today.

 

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A whole of life policy written under trust can provide a number of advantages:

  • Provision of a capital sum to beneficiaries which they can use to pay IHT liability
  • You can specify who will receive the capital lump sum
  • Capital can be paid before grant of probate is obtained
  • The cost of the policy can be met from annual IHT exemptions

We can advise on the appropriate level of cover, the most cost effective arrangement, underwriting process and use of trusts.  We also regularly review the level of cover to ensure it remains appropriate.

We are what we repeatedly do. Excellence, therefore, is not an act but a habit
Aristotle

Further information about Pensions & Retirement:

Estate Planning & IHT
With over £5 billion being paid to HMRC...
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...
Find Out More
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 & 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
Estate Planning & IHTProbate Services
Bereavement can be very stressful for all...
Bereavement can be very stressful for all concerned without the added burden of dealing with a loved one’s estate.  Obtaining the grant of probate, which...
Find Out More

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
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Financial AdviceNews & Case Studies

Bite sized bits – Inheritance Tax (IHT)

Fiducia Wealth Management Posted in Financial Planning, Financial Advice (+3 more), on 15.08.23 Read IHT stands for Inheritance Tax and is a tax that is levied on the estate of deceased individuals in the UK. The tax is based...

5 reasons to have a Financial Adviser

Fiducia Wealth Management Posted in Financial Planning, Final Salary Pensions (+8 more), on 31.07.23 Read In today’s uncertain and volatile economy, succumbing to financial stress has become all too common. In such a scenario,...

Bite sized bits – Retirement Needs

Fiducia Wealth Management Posted in Financial Planning, Financial Advice (+2 more), on 24.07.23 Read Retirement is a crucial stage in life that requires careful planning and preparation. It’s a time when you are no longer...

How to reduce your income tax bill

Fiducia Wealth Management Posted in Financial Planning, Annual Allowance (+5 more), on 10.07.23 Read Income tax is a necessary component of living and working in the UK, but it can also be a significant expense. There are,...
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Read more about Whole Life Insurance + -

Life insurance policies are assets like any other. As such, they can be put into a trust so that when you pass on, the funds that come from the policy are handled the same as any other assets in trust.

This is known as having life insurance “written under trust”.

Having life insurance written under trust will not be appropriate in every circumstance. However, particularly if you have your wealth tied up in mainly illiquid assets such as property, it can bring a number of specific advantages in terms of maximising the value of your estate and minimising Inheritance Tax (IHT) liabilities.

Discussing the legal and financial ramifications of putting life insurance into a trust with an experienced, qualified professional is essential. Our team of experts can advise on whether writing your life insurance into trust will benefit you, and if so, the appropriate level of cover, the most cost effective arrangement, how to approach the underwriting process and the management of the trust.

We also regularly review the level of cover to ensure it remains appropriate.

Benefits of a life policy written under trust

  • Avoid Inheritance Tax. The pay out from a life insurance policy forms part of the assets you pass on to your family and beneficiaries when you die, and therefore may be subject to IHT. In legal terms, any assets placed into a trust do not form part of your estate, but are passed straight to the recipient under management of a trustee. As such, they are exempt from inheritance tax.
  • Offset Inheritance Tax. Another way to think of a life insurance policy is as a way to raise extra capital to cover the expected IHT bill your family will have to pay. If the policy is in trust and exempt from IHT itself, your beneficiaries get the full sum to pay off the tax bill.
  • Pay out prior to probate. When your Will is executed, it is likely that it will have to go through the process of probate, especially if your estate includes illiquid assets such as property. Obtaining a grant of probate from a court to confirm that the terms of the will are being followed crrectly can take time. But any assets in trust, including life insurance, are exempt from the probate process. This means your family will get the pay out much quicker.
Gain further insight to all things financial

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View Channel

Bite sized bits – Inheritance Tax (IHT)

Fiducia Wealth Management Posted in Financial Planning,
on 15.08.23
Read
IHT stands for Inheritance Tax and is a tax that is levied on the estate of deceased individuals in the UK. The tax is based...

Developments in Dedham – August 2023

Fiducia Wealth Management Posted in Fiducia News,
on 03.08.23
Read
We hope this message finds you well. It’s been some time since our last update, so we wanted to provide an overview of the key...

Is An Interest Rate Rise Good For You?

Fiducia Wealth Management Posted in Financial Planning,
on 03.08.23
Read
The Bank of England raised interest rates to 5.25% on Thursday 3rd August 2023, that’s now the 14th consecutive month that...

5 reasons to have a Financial Adviser

Fiducia Wealth Management Posted in Financial Planning,
on 31.07.23
Read
In today’s uncertain and volatile economy, succumbing to financial stress has become all too common. In such a scenario,...

Bite sized bits – Retirement Needs

Fiducia Wealth Management Posted in Financial Planning,
on 24.07.23
Read
Retirement is a crucial stage in life that requires careful planning and preparation. It’s a time when you are no longer...

Understanding Business Relief

Fiducia Wealth Management Posted in Financial Planning,
on 17.07.23
Read
Business Relief (BR), formerly known as Business Property Relief (BPR) is a tax relief in the UK that can help to reduce the...
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As an Independent Financial Adviser (IFA) Fiducia Wealth Management provides first class financial and investment advice from our offices in Dedham, near Colchester on the Essex Suffolk border and in Chelmsford, Essex. Fiducia Wealth Management Ltd is authorised and regulated by the Financial Conduct Authority. This site is for information only, and does not constitute financial advice.

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