West Kirby Personal Estate Planning

West Kirby Personal Estate Planning

We all want to be sure our loved ones receive the assets we want them to after our death. But how can you be sure that will happen? Of course you need a valid and up-to-date will, but that’s not always enough to protect your estate. Could your family cope if they were unable to access your money or assets when they needed them the most?

By creating an estate plan can you be sure that all your assets will be protected from risk. Your estate plan also ensures that if you lose capacity then the right people are in place to take care of your personal affairs.  Download our FREE Estate Planning Services Overview guide today. 

West Kirby Estate Planning

West Kirby Estate Planning

Our West Kirby estate planning and West Kirby IFA team talk you through what an effective estate plan includes.

Valid Will
  • A well-drafted will is the first puzzle piece to put in place. It can make sure that your assets are passed to the people you want after your death.
Power of Attorney
    By setting up these legal documents, you are naming someone who you trust to take care of your legal affairs on your behalf. They would be invoked if, for example, you were away from the UK, or you became incapacitated and could not manage your own affairs.

Trusts

After your death, your estate enters a legal process known as probate. This can take nine months to complete. None of your assets can be sold until the grant of probate is received. Any asset held in trust circumvents this process.

Personal Estate Planning

Effective West Kirby estate planning advice gives you the peace of mind that arrangements are in place if the worst happens. Call our West Kirby estate planning specialists today on 0151 601 5922, for your one-hour FREE West Kirby financial planning and West Kirby retirement planning review.

Probate fees are increasing and a new death tax is starting

Assured Wealth and Estate Planning guide to the increased fee level and how forward planning can mitigate the new fees


What is probate?

When someone dies, you need to obtain the legal right to deal with their property, money and possessions, and to do so you need a grant of representation, which is commonly known as ‘probate’.


When is probate not needed?

Usually you won’t need to apply for probate if the estate does not include land, property or shares, if it is passing to a surviving spouse or civil partner because it was held in joint names or if the estate is valued at less than £5,000. However, each financial institution has its own rules and may still require a grant of probate certificate.

The new fees will apply to all applications received by the probate service on or after the date it is introduced in April 2019, irrespective of the date of death.


What is happening to probate fees?

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Protecting your assets with Trusts and effective Estate Planning

Most of the people within the UK (65%), do not have a valid will to enable them to leave their assets to the people they want to, when they die.  This leaves them vulnerable to having their: savings; investments; life insurance; pensions and property passed to bloodline family that they may not even know, or indeed like.

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Are Annuities Still A Viable Option For Retirement Planning?

Are Annuities Still A Viable Option?

Annuities are retirement products that guarantee you with a regular income after you retire.

You choose a provider, pick an appropriate annuity to suit your needs and, in exchange for some or all of your pension savings, the annuity provides income until you die.

The use of annuities has declined markedly in recent years, with figures from the Association of British Insurers suggesting sales have fallen by as much as 80% since 2014.

Research from the Financial Conduct Authority reflects this trend, with year-on-year annuity sales down 16% in the six months to April 2017.

This is partly due to the fact that, following former chancellor George Osborne’s introduction of pension reforms in 2015, people now have more options when it comes to planning their retirement.

However, are annuities still a viable retirement planning option to consider in 2017?

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Why Choose us

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Investment portfolio review

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Cash flow modelling

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Fully Independent

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FCA regulated

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Financial planning

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Estate planning qualified

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Pension transfer specialists

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Occupational pension specialists

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All types of mortgages

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Care fee planning

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Low cost fees

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Corporate planning

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Wealth management

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Retirement planning

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Inheritance tax mitigation