Ensuring your affairs are in order is one of the most important aspects of financial planning. By putting in place some simple arrangements you can make clear your wishes, which can alleviate and offer reassurance to loved ones faced with making difficult decisions on your behalf.
Making a Will is vital in Inheritance Tax (IHT) planning and it is important to ensure it is well written and planned correctly. A carefully drafted Will can help your heirs plan for IHT appropriately by making the most of the tax reliefs available and ensuring your assets go where you want them.
Remember, a Will drawn up many years ago may not still hold good today, so it’s important to take a regular review of its provisions, and relevance to your changing circumstances.
Power of Attorney
For some of us, there will come a time when we are not physically or mentally able to make decisions for ourselves. It’s important to plan in advance so someone you know and trust can manage your affairs for you, if the need arises.
We have access to a number of legal service providers which can arrange Wills & Powers of Attorney on your behalf as part of the service and advice we provide when it comes to protecting you and your estate.
The levels and bases of taxation, and reliefs from taxation, can change at any time. The value of any tax relief depends on individual circumstances.
The writing of a Will or Powers of Attorney involves the referral to a service that is separate and distinct from those offered by St. James's Place. Wills and Powers of Attorney are not regulated by the Financial Conduct Authority.
If you would like to speak to us about a particular issue or wish to find out more about the services we offer, please get in touch.