Family and lifestyle protection
Wealth Protection | Wealth Creation | Wealth Management
It may be a bitter pill to swallow, but one day, we will all die, we just don’t know when or how. Ultimately, we want our loved ones to be protected when we leave this mortal coil. There’s also the matter of being hit by illness or disability? Could we afford to live and how will our family be protected?
It might not be the most comfortable of subjects, but we believe that insurance planning – based on solid financial advice with a caring approach – is absolutely vital to protect ourselves and those who financially depend on us.
After all, we insure our cars, our mobile phones, jewellery, household appliances and our pets, it makes no sense not to insure ourselves.
At Earlswood Wealth Management, we are experts in life protection (or life assurance), income protection and critical illness cover, an absolute lifeline in the event of an unexpected event such as illness or an accident which stops you working and puts significant strain on your family and your lifestyle.
Planning your legacy
You have worked hard to build your wealth. What next? When you die, who do you intend to leave your hard-earned wealth to? For most people, the intention is to leave their legacy to their spouse and children. But, most people have not even got a will drawn up and if you do not have one in place, the government will step in and potentially decide for you who gets what.
Also, will your beneficiaries have to pay any inheritance tax (IHT), which will need to be settled before they can get hold of your estate? Inheritance tax planning and protecting your estate on your death is a vital part of any robust financial plan. It’s never an easy thing to consider, but ensuring loved ones are looked after even after their death is of paramount importance.
Inheritance tax planning – don’t leave it too late
IHT is a progressive tax and, therefore, the larger your estate, the higher the tax. In other words, the wealthier you are, the more IHT your loved ones may have to pay.
The main problem with IHT planning is that most people leave this right to the very end. At this point, it is either too late or very expensive to start sorting out. By reviewing this early, you can ensure your estate ends up in the right hands in the most tax efficient way possible.
Inheritance tax and Estate Planning are not regulated by the Financial Conduct Authority.
At Earlswood Wealth Management, we will help you navigate this minefield of planning your legacy and structure your financial affairs to ensure you are able to utilise all the exemptions and reliefs available, making sure your estate is protected for complete peace of mind.
We pride ourselves on our:
- Caring approach
- Diplomacy
- Market expertise
- Tailored advice
Inheritance tax is, broadly speaking, a voluntary levy paid by those who distrust their heirs more than they dislike the Inland Revenue.
Lord Jenkins (1986)
