SJP Secure your legacy
Smart legacy planning can help ensure the people who matter most to you receive as much of your wealth as possible. It’s a positive thing that you can do to ensure your family’s financial wellbeing after you’re gone. And inheritances can be transformational for family finances. Those lump sums can pay off a mortgage or put a grandchild through university.
But by the time many children inherit, they will be considerably older themselves, and may be comfortably off already. Instead of passing a legacy to the next generation, families are often ‘skipping a generation’ and handing an inheritance down to grandchildren who may be at a very different stage of their lives.
Good legacy planning also means managing your Inheritance Tax liability so that you leave more of your money to your family.
It can be one of the most difficult conversations to have with your family – whether you’re the person likely to be leaving a legacy, or one of the people hoping to receive it.
A financial adviser can help you assess what you’ll realistically need in your lifetime and see how you can share your wealth so that it ends up with the right people, at the right time.
The levels and bases of taxation, and reliefs from taxation, can change at any time and are generally dependent on individual circumstances.
Life is for living, and now’s the time to make the most of your decades of hard work and sensible financial decisions. We’ll help you reap the rewards, with the aim that you don't run out of money.
Sadly, there’s a chance that you or a loved one may need long-term care one day. The fees for this can be high and may eat into your savings. We’ll help with the planning and managing of costs, should they arise.
You may want to help family now. You may prefer your loved ones to inherit as much as possible, or to support a cause you care about. Whatever you wish, we’ll make the best plan to secure your financial legacy.
