Sharing the family wealth

Our financial planning service, specifically aimed at those looking to share wealth with their families in the short and/or long term, works closely with trusted advisers such as Inheritance Tax specialists, to ensure that all the planning that we undertake with you is structured in the most tax-efficient manner, enabling you to pass the maximum amount of wealth to your loved ones. This may be in the form of helping younger family members to buy a house, change career, achieve personal and business ambitions, or just to give them a cushion to take some of the financial stress away from their lives. Or it could be by looking after elderly parents with planning for care fees, a change in housing or other circumstances.

Utilising sophisticated cashflow modelling, we can create a forecast of what finances you will need to support your desired lifestyle – and any bucket list items you still have to tick off! – thereby identifying what surplus assets you could transfer to family members in the short term, in a tax-efficient manner. This forecast can be replicated for each of the generations in the family to establish how best to cover each of their needs financially to give the whole family a sense of security. A cohesive plan encompassing the financial situation and future of all relevant generations will be produced.

We can also advise on the use of vehicles such as trusts where needed, alongside our trusted advisers help with Legal Powers of Attorney and help you organise or update your, or your family’s, Will in line with your wishes.

Our team will discuss with you any thoughts around long term care planning for elderly parents, and for yourselves, and ensure that adequate provisions are made, where needed, ensuring the burden doesn’t fall to your loved ones should something happen.

With wealth passed down to younger generations it is also important, of course, to have the reassurance they have the tools to manage their finances effectively. We believe in engaging will all members of the family and education around personal finance is paramount. Our team run regular seminars for children/young adults, discussing a raft of different financial issues, and we also offer regular advice in the form of “top tips” and longer articles on key financial issues. We believe that financial awareness should begin at a young age in order to allow all generations to make good financial decisions and to have the safety of financial plans that will support their futures.

I received my summary report yesterday and just wanted to thank you and your team for all the hard work this year. The general performance and quality of service has been top drawer as ever and I’m incredibly grateful for you all.