About Ascot Estate Planning
We have found that so many individuals focus on building wealth during their lifetime, but don’t dedicate the same attention to the preservation of that wealth and how it will be passed on to loved ones. We aim to provide the best individual solution for all of our clients to ensure that wealth is secured and passed on as efficiently as possible.
If you are unsure how estate planning could help you, take a look at our case studies – which situation do you fit in, which risks could affect you and your family?
At Ascot Estate Planning, we endeavour to create the best protection possible, using classic and novel methods.
Creating a Will is the first step in creating an estate plan that will protect you and your family into the future. It has many functions from directing your estate to beneficiaries to nominating guardians for your children. Are you one of the 70% of the population that has not created a Will?
We offer a number of service which when used in conjunction with each other can ensure a better future for your family, for generations to come. Our highly trained professionals will help guide you every step of the way to ensure that your planning is as effective as possible.
Trusts are a valuable tool, likened to a safety deposit box, that can be of use to almost anyone in almost any financial situation. Trusts are a protective layer than can not only preserve your wealth but guard it from a number of threats such as divorce, remarriage, bankruptcy or care home fees.
AND CARE HOME PLANNING
We offer two forms of trusts – “Bloodline Planning” and “Lifetime Planning.” Bloodline Planning encompasses techniques used for protection after your death. Lifetime Planning focuses more on protection whilst you are still alive. This can include protection from care home fees or methods to mitigate Inheritance Tax. Often the two forms of planning run alongside each other, creating the greatest protection you can, for yourself and your future generations.
Trusts are not the only way of mitigating Inheritance Tax, a charge which, at 40% is often viewed as harsh. There are a number of options available which can not only assist in the mitigation of IHT, but are also beneficial as they offer a return. Some methods we introduce to clients include Business Property Relief (BPR) and Enterprise Investment Schemes (EIS,) both of which have great opportunities to preserve and increase your wealth.
LASTING POWERS OF
Lasting Powers of Attorney, also referred to as ‘Living Wills,’ allow you to nominate one or multiple attorneys to conduct your affairs after you are unable to do so. Following 2007 legislation, there are two branches of attorney. The first nominates someone to oversee your Health and Welfare, whilst the second focuses on who will control your Property and Finances. Without LPAs, your loved ones could face a lot of difficulty, should you be declared incapable.