Regulatory Information

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Merlin Financial Services Worcester

Passing on your wealth

Protecting You & Your Estate

Having worked hard to accumulate your wealth, an effective estate planning strategy in place is vital, so you can pass on that wealth to the people you care about.

It is important not to be unnecessarily caught by Inheritance Tax and to make sure you protect your assets, mainly property, pensions and savings.

We can look at ways to help minimise your tax liability, by carefully structuring your financial affairs so that you are fully able to utilise all the exemptions and reliefs which are available to you.

It is equally important when planning to transfer your estate that you make enough provision for your later years.

With a little advance planning, you could reduce your liability or even eliminate it altogether.

You might want it to pass your wealth directly to family members or wish to reduce the effect of inheritance tax on your estate and consider the use of family trusts or charitable foundations.


Having a will

If you die without a will (dying intestate), probate laws will determine how your property will be split up.

It is worth creating a will and estate plan that ensure your assets to go the right place, and with the most tax advantages.

Do you want to create a Trust?

A Trust is an arrangement set up by Will or Deed in which money, property or other assets are held and managed by the appointed Trustees on behalf of the named beneficiaries.

Have you considered life insurance?

Life insurance proceeds can be paid to your estate to cover estate costs or left directly to a beneficiary to provide additional amounts to a particular person. The proceeds are always paid tax-free.

Your Pension

In certain situations, a lump sum may be payable from a pension plan when the member dies. It may be possible for the member to nominate an individual or a trust to receive this lump sum (depending on the scheme rules), and to make this payment tax-efficient.

Estate Planning is not regulated by the Financial Conduct Authority.