Fiduciary Partners LLP
Fiduciary Partners LLP 

Personal risk management and estate planning

Hope for the best, prepare for the worst

Dying prematurely or becoming unable to work due to illness or disability can have a profound impact on your family and/or your capital. If you are not of independent means, insuring against these risks is vital to ensure debts are repaid and income is available. If you are of independent means but still working through choice, the impact of self-funding your current lifestyle from an unforeseen early age can deplete even significant capital quite rapidly. In either situation, Prestwood allows you to model such disaster scenarios and draw your own conclusions about whether to self-fund or insure.

Dr Johnson's 'death and taxes'

Since at some point we all die, the next question is how to best organise your affairs to pass as much to your chosen beneficiaries on death, and as little to HMRC as you can. We start with the legal remedies and can introduce you to a solicitor to ensure that you have valid Wills, perhaps establish relevant Trusts and Lasting Powers of Attorney*, the latter to ensure that your chosen representatives can manage your affairs if you are unable to.

 

There are other ways of reducing the value of your estate, perhaps by using the various gift allowances that are available to do so (including the powerful but little known 'gifts from regular income' provision). If you are particularly well-off you may even think of setting up your own charitable foundation, given that gifts to charities are tax-free. Or perhaps you may wish to develop a philanthropic giving strategy to benefit one or more external charities, but need impartial research and advice on the choice of deserving causes.

 

There are also a number of insured and investment-based financial planning routes to help reduce your IHT burden, but these need careful analysis to ensure that the risks do not outweigh the potential benefits.

 

Contact us for advice on preparing for both the worst and the inevitable.

 

*These products and services are not regulated by the Financial Conduct Authority



Contact

Fiduciary Partners LLP

Building Three

Chiswick Park

566 Chiswick High Rd

London

W4 5YA

 

Tel:

0800 052 0494 FREE

or 020 8621 3302

M: 07590 288234

 

E-mail

andrew@fiduciary-partners.co.uk

 

You may also use our contact form.

Regulatory statement

Fiduciary Partners LLP is an appointed representative of Tavistock Financial Ltd, which is authorised and regulated by the Financial Conduct Authority.  FCA no 497873. Partnership no OC341257. Members: A J Brixey-Williams, D M Hewett. Registered Address: 10-14 Accomodation Rd, Golders Green, London NW11 8ED. Registered in England.

 

Decisions should not be taken based solely on the contents of this website.

 

Regulations, levels and bases of taxes are subject to change.

 

The firm is not responsible for the content of external links.

 

The content is aimed at UK residents or residents of MiFID countries.

 

 

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