How to give away your wealth and keep some control
Trusts are not a one-size-fits-all solution, but they are incredibly useful for protecting and giving you control over your assets. Appropriate trusts can be used for minimising or mitigating Inheritance Tax estate taxes, and they can offer other benefits as part of an integrated and coordinated approach to managing wealth.
Allowing someone to make decisions for you, or acting on your behalf
A lasting power of attorney (LPA) enables individuals to take control of decisions that affect them, even in the event that they can’t make those decisions for themselves. Without them, loved ones could be forced to endure a costly and lengthy process to obtain authority to act for an individual who has lost mental capacity.
The 6 things you need to consider to help preserve your wealth
Whether you have earned your wealth, inherited it or made shrewd investments, you will want to ensure that as little of it as possible ends up in the hands of HM Revenue & Customs. With careful planning and professional financial advice, it is possible to take preventative action to either reduce or mitigate a person’s beneficiaries’ Inheritance Tax bill – or mitigate it altogether. These are some of the main areas to consider.
The material on the site is the copyright material of Elite Wealth Management. You may not copy, reproduce, republish, disassemble, decompile, reverse engineer, download, post, broadcast, transmit, make available to the public or otherwise use Elite Wealth Management’s content in any way except for your own personal, non-commercial use. This includes but is not limited to all individual fund manager data such as rankings of fund managers and ratings of fund managers. Elite Wealth Management does not accept any liability for your reliance upon, or any errors or omissions. Any other use of Elite Wealth Management’s content requires the prior written permission of Alan Powell, Director of Elite Wealth Management.
Elite Wealth Management is authorised and regulated by the Financial Conduct Authority no: 496442 and is bound by its rules.
Will writing is not regulated by the Financial Conduct Authority.