Legacy Planning

Legacy planning is about ensuring the wealth you’ve accumulated over your lifetime is passed on smoothly and tax-efficiently to the next generation. With careful planning, you can ensure that more of your estate goes to your loved ones, while reducing the impact of Inheritance Tax (IHT).

How It Works

Legacy planning involves structuring your estate to minimise tax liabilities, while ensuring your assets are passed on according to your wishes. From setting up trusts to making gifts and ensuring your will is up to date, legacy planning can be complex, but with the right advice, it can be highly effective.

At Anglian Wealth Management, we help you evaluate your current situation, understand the potential tax implications, and design a legacy plan that provides financial security for your family. Whether you’re looking to support your children with buying a home or leave a charitable gift, we’ll help you create a plan that reflects your values and priorities.

Key Benefits

Minimise Inheritance Tax: Proper legacy planning can help reduce your estate’s exposure to IHT, ensuring more of your wealth goes to your loved ones.
Protect Your Assets: Ensure your wealth is passed on securely to the next generation, avoiding unnecessary legal complications.
Plan for the Future: Make decisions now about how your wealth will be distributed, giving you peace of mind for the future.

The levels and bases of taxation and reliefs from taxation can change at any time and are dependent on individual circumstances.

Advice relating to a will involves the referral to a service that is separate and distinct to those offered by St. James’s Place. Wills and Trusts are not regulated by the Financial Conduct Authority.