With estate planning, as with all other parts of the financial plans and aspirations, the key is to create the focus timeously on the client’s goals, vision and path.

The plan and actions may include a host of aspects, including: liquid reserves, existing assets and liabilities, risk profile, investment income and growth for life expectancy, cash flows, minimising tax liabilities, beneficiaries, IHT exemptions and gifting, life assurance and gift inter vivos cover, Wills, Lasting Powers of Attorney, trusts – a complex area requiring focus and planning.

This area may include family members and inter-generational planning. Of course, the picture has been altered with the occurrence of: IHT on pension assets from 6 April 2027 and changes to Business Property Relief/ Agricultural Property Relief.

We always recommend making use of other professionals where we are not specialists or qualified, such as accountants, tax consultants and solicitors; we can communicate with those professionals and take the relevant wills, trusts, accounts and tax into considered for our advice and recommendations.

Will Writing is not regulated by the Financial Conduct Authority.

Estate and inheritance planning is not regulated by the Financial Conduct Authority.