Estate Planning: Ensuring Your Legacy with Howard Wright

Estate planning is one of the most important steps in securing your financial legacy. It ensures that your hard earned assets are distributed according to your wishes while minimising Inheritance tax liabilities and protecting your loved ones. At Howard Wright, our Chartered Financial Advisers provide expert guidance on wills, trusts, and proven tax-efficient wealth transfer methods to help you preserve your estate for your future generations.

Why Estate Planning Matters

Without a well-structured estate planning, your wealth may not be distributed as intended, and your beneficiaries could face unnecessary financial burdens.

The key reasons as to why you should plan your estate with ourselves at Howard Wright can be seen below:

• Ensuring your assets go to the right people
• Reducing Inheritance Tax (IHT) liability
• Protecting family wealth for future generations
• Providing for dependents and vulnerable beneficiaries
• Avoiding probate complications and legal disputes

Essential Components of Estate Planning

Achieving early retirement requires a proactive approach. Our early retirement plans include:

1. Will Creation
   A legally binding will is the foundation of any estate plan. Our team assists our clients in drafting their wills via our trusted will writing partner, that clearly outline asset distribution, guardianship arrangements and any specific wishes.
2. Trust Establishment
   Trusts offer a structured way to protect and manage wealth. We help our clients set up:
   • Discretionary Trusts to provide flexibility in distributing your assets
   • Bare Trusts for tax-efficient gifts to your children
   • Life Interest Trusts to provide income for your spouse while preserving capital for future heirs
3. Tax-Efficient Wealth Transfer
   Minimising Inheritance Tax (IHT) is a crucial part of estate planning. Some of our strategies include:
   • Utilising Annual Gift Allowances: Giving up to £3,000 tax-free each year (2025)
   • Making Lifetime Gifts: Transferring assets early to reduce your taxable estate value
   • Using Business Relief & Agricultural Relief: Reducing IHT liability on qualifying assets if you have any
   • Trust Planning: Shielding assets from excessive taxation, further reducing your Inheritance Tax Liability
4. Lasting Powers of Attorney (LPA)
   An LPA allows a trusted person or people, to manage your finances or healthcare decisions if you become unable to do so. At Howard Wright, we guide our clients through the process of appointing attorneys to ensure that your affairs remain in safe hands and decisions are made with your best interests at heart.

Protect Your Legacy with Howard Wright

Estate planning is essential to safeguarding your wealth and ensuring your loved ones are cared for. Our team of Chartered Financial Planners at Howard Wright have a proven track record of building tailored estate planning solutions for our clients across the UK, giving them peace of mind.

Contact our team of Chartered Financial Advisers on 0345 688 4939 or use our 20-second enquiry form below to begin securing your financial legacy and reduce the amount of Inheritance Tax your Estate will have to pay. We look forward to hearing from you and guiding you though our Estate planning process. Don’t just take our word for it just take our word for it, click here to read our five star reviews. and click here to see our client stories.

Disclaimer: The information provided in this blog is for general guidance only and does not constitute financial advice. We recommend seeking personalised advice from a qualified financial planner. Past performance is not indicative of future results. The value of investments can go down as well as up, and you may not get back the amount originally invested.

By choosing Howard Wright, you’re not just investing in financial advice; you’re investing in peace of mind for your retirement. Contact us today to get started.