You might see us primarily as your tax and accounting advisers, but did you know that we also offer trusts and estate planning services?
Protecting your wealth and assets for the next generation is essential, and requires strategic planning if you want to avoid a hefty Inheritance Tax (IHT) bill.
We offer a range of estate planning and trust services to help you preserve your wealth, including:
- Help with drawing up and reviewing your Will.
- Making full use of IHT exemptions.
- Maximising lifetime transfers between spouses.
- Transferring business or agricultural property.
- Advising on the transfer of assets into a trust.
- Leaving gifts to charity in your Will.
Why it matters
When you’ve worked hard all your life, you will, understandably, want the wealth that you’ve generated to benefit the people who are important to you when you are no longer here.
It is important to make sure your personal and business assets are passed down tax-efficiently to the descendants or beneficiaries of your choosing.
If you have a business, you also need to consider what will happen to it when you pass away. Who will it be entrusted to? Do you want the new owners to continue your legacy, or are you happy for the business to be sold?
These are all matters that need to be considered carefully and discussed with a professional adviser.
You can use a trust to provide for beneficiaries who would struggle to deal with financial matters themselves (for example, if they are young or disabled). Trusts can also help to protect your assets for beneficiaries and minimise your exposure to IHT.
We can help you identify which type of trust fund is best for your particular circumstances.
As life expectancy continues to rise, you must also have a plan in place to finance your retirement and any future care needs.
For example, you can place your house in a trust to protect it from being used to fund care, ensuring it can be passed on to your beneficiaries after your death.
How Macalvins can help
Our panel of independent advisers provide expert estate and IHT planning services to ensure your assets are passed on as tax-efficiently as possible.
We believe in providing you with the best, unbiased advice whenever you need it.
That’s only possible by staying totally independent: we work with advisers who have full, unrestricted access to the whole of the market to pick the right products for you.
By working with you to understand your goals, our panel of independent advisers can help you put in place bespoke financial plans, taking into account your personal circumstances and needs.
You’ve worked hard for your money – now let it work hard for you. Speak to us today about our expert estate planning and trust services!