It’s important that a pension policyholder completes their ‘expression of wishes’ form to nominate who they would want their pensions benefits to be paid to on their death.
Probate trusts are suitable for clients who currently have no inheritance tax liability and don't anticipate having one in the future. It's for clients who have a small estate and they want their family to have easy access to their estate on their death.
One of the first steps to leaving a legacy is making a Will. Without one an individual’s estate will be subject to intestacy rules. Once your client has a Will in place it's important it's kept up to date if and when circumstances change.
Having a funeral plan in place will not only help with the costs – so family and friends aren’t left with a big bill to pay. But it also means when the time comes your client will have the funeral they planned the way they would want it.
By carefully preparing and planning a multi-wrapper solution for clients with capital/disposable income to invest, we can help them achieve in excess of £50,000pa tax-free.