Many think of estate planning as something that should be done in later life. In fact, it is prudent to begin estate planning from young adulthood. It is likely you already have more assets than you realise. Of course, your plans will need to evolve at different life stages, to ensure your assets are protected and to make sure your family’s future is secure.
Professional estate planning services
While it makes sense to carry out estate planning as early as possible, your plans will naturally need to evolve at different stages of your life, like if you get married or start a family.
Contact our advisers for a personalised assessment of your estate planning options.
Get in touch
Get in touch
PROTECTING YOUR WEALTH
Bespoke estate planning strategies
We provide personalised estate planning services that are designed to help you protect your assets, minimise tax liabilities and ensure your wishes are honoured through wills, trusts and other legal means. Our advisers create a plan, detailing how you would like your assets to be distributed after death. On deciding who you want to receive your property and assets, we address settlement of estate taxes and debts and make plans for any financial obligations that may arise. We go through your medical and dependent care options and once you have decided how you want them to look, we make arrangements for your own, and any dependents’, medical care should you become incapacitated. Everything we do aligns with your wishes. Our estate planning services provide a comprehensive approach to protecting what matters most to you.
- Call: 0115 795 0423
- Email: wealthadvice@jlwm.co.uk
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Wills in estate planning
Making a will is a vital exercise when estate planning. Confirming your wishes legally, and knowing they’ll be met, can give you and your family peace of mind.
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Understanding how trusts work
Trusts are legal arrangements that are designed to manage assets for the benefit of designated individuals, making things easier for them. They offer flexibility for estate planning and wealth management.
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Inheritance tax planning strategies
There are key tax implications associated with receiving an inheritance in the UK. We can help you put responsible inheritance tax planning strategies in place.
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Choosing executors or trustees
Because an executor will manage your estate after you pass away, and a trustee will oversee assets placed in a trust, managing them for beneficiaries according to your specifications, choosing them needs careful consideration.
Lifetime wealth transfers
You may be able to transfer some of your assets while you are alive. We can help you with tax-efficient lifetime transfers.
Business owner planning
Taking care of business
Estate planning looks a little different for business owners. In addition to regular estate planning procedures, you will need to consider how your business interests will be managed and protected once you have passed. Our team of advisers will be able to help you get your business affairs in order.
Protecting family wealth
Looking after your loved ones
When it comes to protecting your wealth for your family, we take a holistic approach. We consider the most suitable life cover for you and your circumstances. With two areas of life assurance planning specifically linked to paying off loans and covering taxes, especially Inheritance Tax, we can help guide you. And we look at how trusts can improve your position with life policies.
Gifting and legacy
Be able to give more
Gifting can be a very worthwhile way to take full advantage of Inheritance Tax exemptions. There are several ways you can do this, and we can help guide you on these. For example, a £3,000 annual exemption for gifting, that can be carried forward for one year if unused, means you can give your loved ones even more.
Why James Leighton Wealth Management?
Customised estate planning solutions
James Leighton was founded in 2010 and appointed representatives of Quilter Financial Services Limited and Quilter Mortgage Planning Limited, which are authorised and regulated by the Financial Conduct Authority (FCA). Over the years, we have assisted thousands of clients with their estate planning, helping them protect their wealth for their loved ones, or helping them leave a legacy to charities closest to their hearts. Highly experienced in all aspects of estate planning, we always take a holistic approach. We are proud to make financial planning services accessible to more people by keeping our fee structures low. Nottingham based, we work with clients in local and surrounding areas, as well as working remotely with clients throughout the rest of the UK. We were recognised as Business of the Year 2023 and Best Mortgage Firm 2023 at Quilter Financial Planning’s ‘Key Accounts’ Awards.
- Call: 0115 795 0423
- Email: wealthadvice@jlwm.co.uk
FAQs
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At what age should I look at estate planning?
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Can putting my money and assets into a trust reduce Inheritance Tax?
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With different types of trusts available, they are often subject to different Inheritance Tax rules. Whether you can reduce how much Inheritance Tax you need to pay – or whether you can eradicate the bill entirely will depend on what type of trust you open. We can advise you on the various trust types you can access.
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What should I look for in an estate planning provider?
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An initial chat will give you critical information. You will get a feel for whether you will work well together, whether you find them trustworthy, helpful and knowledgeable. You will be able to assess their experience, qualifications and dependability – and importantly, how other clients feel about these things – by way of reviews and testimonials given by those who have use their services before.
60%*
of us haven't created a will or made any estate planning documents, leaving assets completely unprotected
This highlights the need for more people to seek advice. Leaving these matters until later life can be costly.
*Source: