TRANSFERRING YOUR WEALTH

Transferring your wealth is the fourth stage of Wealth Management

Passing on wealth to loved ones is an important aspect of wealth management. An adviser can help you control what happens to your wealth through effective estate planning and can reduce or even eliminate the inheritance tax liabilities your family could face.

When advising on inheritance tax, your adviser will discuss the importance of having an up to date will. We can also help you set up a Lasting Power of Attorney to give you peace of mind knowing someone you can rely on would take care of your financial matters if the worst were to happen. A trust is another option that an adviser may consider appropriate for your circumstances, these can be tailored to your needs. Philanthropy and charitable giving is another consideration when transferring wealth; our advisers can help ensure your donations have maximum impact.

The levels and bases of taxation and reliefs from taxation can change at any time. The value of any tax relief depends on individual circumstances.

Will writing and Powers of Attorney involve the referral to a service that is separate and distinct to those offered by St. James’s Place and along with the Trusts are not regulated by the Financial Conduct Authority.

Transferring Wealth

The final stage of wealth management planning is transferring your wealth. Your financial adviser will advise you on estate planning and inheritance tax issues to help achieve the most effective transfer of wealth to your loved ones.

News and insights

Book your place at a complimentary seminar

We offer complimentary seminars on investment planning, retirement planning and inheritance tax mitigation to help you to make more of your money. Our financial advisers will be there to answer your questions.

Frequently asked questions

Through financial planning strategies, wealth transfer is the transfer of money or assets to your choice of recipients. Strategies can include wills, estate planning and life insurance.

Will writing involves the referral to a service that is separate and distinct to those offered by St. James’s Place. Wills are not regulated by the Financial Conduct Authority.

Intergenerational wealth transfer is the transfer of wealth from a member of one generation to a member of another.

There are simple ways to reduce inheritance tax, such as gifting an asset or money before you pass, placing cash, property or investments into a trust. The tax rules are complex; Four Wealth Management can determine the best solution for your circumstances.

The levels and bases of taxation, and reliefs from taxation, can change at any time and are generally dependent on individual circumstances.

Trusts are not regulated by the Financial Conduct Authority.

It is essential to make a will as there are certain rules which dictate how your money, property and assets should be allocated. If you have children, a will can enable you to make your own arrangements if either you or your partner dies.

Will writing involves the referral to a service that is separate and distinct to those offered by St. James’s Place. Wills are not regulated by the Financial Conduct Authority 

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If you have any queries or would like to arrange a face to face meeting with an adviser for a no obligation review of your personal finances, simply book a call back using the form below. Alternatively, you can call us on 0117 973 0500.

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