Wills & Estate Planning

Thinking about death or what follows for loves ones isn’t everyone’s favourite pass-time, but it’s important to grasp the necessity of planning for the future and putting your affairs in order for when you are no longer around.

Regardless of the size of estate you leave, your plans for how it will be distributed need to be formalised. Without this, the process of losing a loved one and trying to determine what they would have wanted can be extremely painful for the people you leave behind.

Estate planning can be simpler than many imagine. It can ensure your assets go to exactly the people you want. Our process for wills and estate planning involves:

  1. Working with solicitors to guarantee you an accurately drafted will that states the intended distribution of assets upon your death.
  2. Advising you on the appropriate strategies to use for planning all aspects of inheritance.

Not all areas of Estate Planning are regulated by the Financial Conduct Authority.

Inheritance Tax Planning

To begin with, it’s important to understand what the result would be if you chose to do no planning, as some people are more concerned that others about what will happen to their wealth when they are gone. It is also important to leave space for modifying your plans in the event of any situational changes.

Each has advantages and disadvantages. According to your circumstances, we’ll create a tailored plan, usually featuring a combination of approaches. This plan will be built taking into account factors such as:

  • Gifting
  • Insurance
  • Investment
  • Equity Release

As with any strategy, each one has their advantages and disadvantages. According to your circumstances, we will create a tailored plan for you, usually combining a number of the above strategies. This plan will be based on your individual circumstances such as:

  • Age
  • Dependents
  • Marital status
  • Health status
  • Financial circumstances
  • Potential for future income

Start your journey with Alterno. Call us on 01926 886 491 to book your first consultation, free of charge.