Estate planning is much more than just writing a Will or having a Lasting Power of Attorney (LPA) in place. It’s about making sure that your estate is arranged in the most tax efficient way and that your intentions are clear in all potential circumstances. This needs to cover both death as well as you becoming mentally incapable of making decisions yourself.
Estate planning involves making sure that all tax allowances are being utilised as effectively as possible. It also ensures that assets are divided between a husband and wife in a way which maximises both tax allowances and income generation potential.
Essential IFA has the expertise to draw up Wills, LPA’s and to arrange your investment affairs in the most tax efficient way, both in the UK and offshore.
Reviewing your estate on an ongoing basis is an important part of the service we offer. Your circumstances will and do change, and this often has effect on financial matters such as estate planning.