Effective Planning with Wills and Trusts.
Effective planning is all about ensuring your wishes are followed in the event of your death and to pass on as much of your life’s work as possible to the people you feel deserve to benefit.
This can ensure that the proceeds of your estate when you die will help to provide a richer and brighter future for your loved ones and the most efficient estates are planned NOW before it’s too late. CFM Financial Planning has many effective and affordable solutions for any sized estate.
An example would be putting your savings, investments, life policies or any assets into a trust which will help minimise tax paid and protect this for future generations.
What is a Trust?
A trust is a legal entity in its own right that has control over assets and these can be for the benefit of one or several people and there are lots of different trust types to cover different ambitions.
When you set up a trust you will be able to choose who takes care of the assets in terms of the distribution, these are known as trustees. You can also choose a number of different beneficiaries who will in turn receive the assets in line with your wishes and setting up trusts will ensure that your estate is passed to the right people as chosen by you at a time chosen by you.
These arrangements are a great way of ensuring control even when you have passed away and can also potentially protect this inheritance against other risks of the beneficiaries such as bankruptcy, divorce and long term care fees.
Are you concerned about declining health of a family member?
We can also offer a Lasting Power of Attorney service specifically tailored to you and your loved ones and these can be put in place should you or a member of your family become incapacitated and unable to look after health and financial affairs.
These are particularly important should you have a family history of degenerative disease such as Parkinson disease, Alzheimer’s or Dementia. If you have elderly relatives and you are concerned that they are declining in capacity please contact us to discuss your options.
To find out how to start planning for your loved ones future, please contact us today for a friendly and informal chat where your concerns will be handled with the care and sensitivity they require.
Possible solutions:
- Tenancy severance
- Family Trust
- Children’s Trust
- Interest in possession trust
- Property Trust
- Life Assurance Trust
- Lasting Power of attorney Health and Finance
This service is offered by referral to a third party.