Estate Planning
Estate planning is the process of accumulating and disposing of an estate to make sure the greatest amount of the estate passes to the intended beneficiaries. This often involves:
- minimising the tax burden
- avoiding probate court involvement
- designating guardians for minor children
- planning for incapacity
Inheritance Tax explained
Let's dispel a myth right here and now.
You don't have to be rich for your estate to be subject to Inheritance Tax.
Currently Inheritance Tax is levied on everything you leave over £312,000 (2008/2009). See for yourself what it includes:
- your investments and savings
- your home and car
- your furniture and personal effects
- the proceeds of your life insurance, unless it is written in trust.
We have considerable experience in the design and implementation of mitigation schemes for our clients, which can create immediate tax benefits in the majority of cases.
See our Inheritance Tax section for more information
Probate
Probate is a service that a Surrogate Court provides to confirm the validity of a deceased person's will. It is a legal process for settling the estate, resolving claims and distributing the decedent's property. Probate can be a lengthy and expensive affair.
We can advise or manage the financial aspects of your estate and your will so that probate is unlikely to occur.
This can involve advise on designating guardians for any minor children, ensuring that you will is clear and concise and helping you to plan for your retirement or possible incapacity.
Imperial Independent Financial Advisors Limited is authorised and regulated by the Financial Services Authority.
Further consumer information is available from the Financial Services Authority via the following link: www.moneymadeclear.fsa.gov.uk
The guidance and/or advice contained within the website is subject to the UK regulatory regime and is therefore primarily targeted at customers in the UK.
The Financial Services Authority does not regulate National Savings, taxation and trust advice, school fees planning and some forms of mortgage and offshore investments.
Your home may be repossessed if you do not keep up repayments on your mortgage.
Past performance is not a guide to future returns and the value of investments, and any income from them can go down as well as up. You may not get back as much as you put in. Please bear in mind that for funds that invest in overseas markets, changes in currency exchange rates may affect the value of your investment.
Imperial Independent Financial Advisers Ltd. Registered in England and Wales No. 05274431. Registered office Imperial House, 94 Oakley Road, Southampton Hants SO16 4LJ
