Estate or inheritance planning is simply outlining what you want to happen to your estate and your dependants when you’re no longer here. A robust plan using tax efficient measures including wills and trusts could help you protect your assets and help your loved ones.

Generational wealth

Estate planning is not just for the wealthy. Largely due to the enhanced value of homes in the UK, it is predicted that £400 billion will be passed from grandparents to the next generation over the next 10 years, the majority of which will be above the inheritance tax threshold.

The Pace Ward Financial Solutions service

Your Pace Ward Financial Solutions financial planner will work with you to estimate your potential inheritance tax obligations and provide you with tailored advice on how to manage these requirements. Common considerations include:

• Utilising available tax allowances and exemptions
• Taking insurance to cover your bill
• Reducing your estate by making tax-free gifts
• Spending your money