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Ensure the wealth you have accumulated during your lifetime is distributed to the right people, at the right time and as tax efficiently as possible

January 2020


Welcome to our Guide to Estate Preservation.

Effective estate planning aims to ensure that the wealth you have accumulated during your lifetime is distributed to the right people, at the right time and as tax-efficiently as possible. Preserving and enhancing your wealth is one of our core objectives. You’re likely to want to pass as much of your wealth to your loved ones as possible. And you’ll want to provide for your dependents, especially your spouse and children.

We’re here for all of life’s milestones to help you prepare for the future. We are able to help you navigate the complexities of estate planning, Inheritance Tax and setting up trusts, for seamless family transitions. Inheritance Tax is no longer confined to the super-rich. If, like many people in the UK, your assets exceed £325,000, being subjected to a 40% tax bill upon inheritance can exacerbate an already stressful time for your loved ones. But with careful tax planning, we can help you preserve more of your estate legacy, without compromising your financial security. The average bill for an estate paying Inheritance Tax is over *£170,000. By helping you with Inheritance Tax mitigation, or working with your solicitor on appropriate Will and Trust structures, we can help you pass on your wealth tax-efficiently. For added reassurance, we can also help with a range of protection solutions, including life assurance to protect your family.

By structuring your estate tax-efficiently, HM Revenue & Custom’s (HMRC) claim on your estate could be minimised so your loved ones receive more of your wealth. This may reduce the need for your beneficiaries to sell your assets quickly in order to meet Inheritance Tax bills. It should also reduce the amount of paperwork for them and avoid costly disputes with HMRC.

You may want to consider how you can pass on your hard-earned assets to the next generation and how you minimise the Inheritance Tax bill. We can advise you on how to structure your assets appropriately to pass more of your wealth to your chosen beneficiaries. We will review your current situation and help you determine how you want your estate to be distributed and keep you appraised of the current rules, as levels and bases of taxation are liable to change

To read or download the full guide please click here

Want to discuss your requirements? Woodward Markwell provide an initial complimentary financial healthcheck meeting to discuss your individual needs. Whether you are an individual or a business,  an initial consultation with one of our experienced advisers is free of charge and without obligation.

Please contact us on 01473 408422 or e-mail ifa@wmibl.co.uk

*Prudential 2019