Retirement Planning In Bridgnorth
Are you looking for Estate Planning advice In Bridgnorth?
Located on the main High-street is our Bridgnorth branch and our central office is only a few miles away in Codsall.
At Howard Wright, estate planning is usually concerned with ensuring that your assets on death are paid to your chosen beneficiaries quickly and efficiently. As part of our estate planning process, we will also look to take steps to legally minimise your inheritance tax liability.
A Will is the recommended starting point for most of our clients, who incorrectly believe that their spouse or next of kin will automatically inherit the whole of their estate in the event of their death.
As part of our Estate Planning process, we review any existing Wills that you have in place and recommend alterations and amendments where required. If a new Will is needed our team of fully qualified Will writers are here to help you draft a new Will.
In the majority of cases, inheritance tax can be seen as voluntary tax, our inheritance tax options report provides a review of all the options available to legally minimise your inheritance tax liability.
This includes but is not limited to;
- Providing an overview of the allowances and exemptions that are available to you.
- Provide considerations for redistribution of assets between spouses / partners.
- Assess your ability to gift capital without impacting your capacity to fund your retirement.
- Outline the main features and suitability of various Trusts including, bare, discretionary, discounted gift, loan and reversionary trusts.
- Provide illustrations for life assurance, which allows you to retain your capital, whilst providing a lump sum in the event of your death to cover your inheritance tax liability.
Powers of Attorney
At Howard Wright, we would recommend that you consider undertaking Lasting Powers of Attorney, (Both Health and Financial). These documents allow your nominated attorneys to manage your affairs in the unfortunate event that you lose mental capacity or you simply don’t wish to manage your affairs anymore.
At Howard Wright, your adviser will assist you in the completion of these forms. The Financial Conduct Authority doesn’t regulate Tax Advice, Will Writing, Estate Planning, and Trusts.
Free Initial Estate Planning Consultation
To book your free initial Estate Planning consultation, with one of our Chartered Advisers based in Bridgnorth. You can call us on 0345 688 4939 or fill in our enquiry form below, it takes 20 seconds to complete.
We will then contact you as soon as possible, to discuss our Estate Planning process and how we can help you achieve your goals and objectives.
Our Chartered status is an assurance we operate to the highest standards. We look forward to hearing from you and seeing how our Estate Planning advice can help.
“Gareth and the team have dealt with all of my families financial matters for many years now. The information is accurate, concise and easy to understand. I would not hesitate in recommending their service whole heartedly”
“HW supported and advised us on all our pension, investment and inheritance concerns. As a result we completely changed direction. We couldn’t be happier”