A New Perspective on Estate Planning
While you may associate estate planning primarily with asset distribution after death, it’s also about organising your wealth to maximise its effectiveness. Whether you’re looking to safeguard your wealth for the benefit of your loved ones or minimise tax impacts, strategic planning can help.
The Power of Trusts
Trusts offer numerous benefits that can significantly enhance your financial planning.
Here are a few reasons why you might consider using a Trust:
Securing the Future: Trusts allow for the provision of wealth for future generations and earmarking funds for specific family members.
Preserving Wealth: With a trust, you can protect your wealth from being diluted due to a beneficiary’s divorce or bankruptcy.
Mitigating Taxes: A well-planned trust can help reduce Income Tax, Capital Gains Tax, or Inheritance Tax (IHT).
Avoiding Probate Delays: Trusts can help avoid delays in obtaining a Grant of Probate, ensuring that your beneficiaries receive their inheritance promptly.
Proper planning and expert guidance can add certainty to your financial future.