Estate Planning | Secure Your Legacy with Continuum Wealth

At Continuum Wealth, estate planning is more than just managing your assets; it's about preserving your life's work and ensuring your wishes are honored. We provide comprehensive estate planning services designed to offer peace of mind and security for you and your loved ones.

Estate Planning

Secure Your Legacy

 

Why Estate Planning Matters

Estate planning is essential for ensuring that your assets are preserved, managed, and distributed according to your wishes after your death. It also includes provisions for managing your affairs if you become incapacitated. Effective estate planning can mitigate potential legal hurdles, minimise taxes, and protect your beneficiaries' interests.

The Benefits of Professional Estate Planning

Working with professional estate planners offers numerous advantages:

  • Clarity and Control: Clearly outline how your assets should be handled, ensuring your wishes are followed.
  • Minimised Taxes: Strategic planning can significantly reduce the tax burden on your estate.
  • Protection for Loved Ones: Ensure your family's financial future is secure, with provisions for guardianship and care.

Personalised Service from Experienced Professionals

At Continuum Wealth, we tailor our estate planning services to meet your specific needs. Our experienced team collaborates with legal experts to provide you with a comprehensive estate planning strategy that aligns with your personal and financial goals.

Our Estate Planning Services

Explore our detailed estate planning services:


Estate Planning and Powers of Attorney

Powers of Attorney (PoA) are crucial for managing your affairs when you are unable to do so yourself. This legal document grants another person the authority to act on your behalf in various matters, including financial, health, and general welfare. At Continuum Wealth, we guide you through the process of integrating Powers of Attorney into your estate plans. While we do not draft Powers of Attorney ourselves, we refer clients to trusted solicitors who can.

Key Points:

  • Lasting Power of Attorney (LPA): Grants authority to make decisions about health and welfare or financial affairs.
  • Enduring Power of Attorney (EPA): Still valid for those created before LPAs were introduced.
  • Ordinary Power of Attorney: Used for short-term or specific transactions.

Estate Planning and Probate

Probate is the judicial process by which your will is validated and your estate is administered. A well-prepared estate plan can facilitate a smooth probate procedure, minimising complications and ensuring your wishes are carried out efficiently. Continuum Wealth offers guidance through each stage of estate planning and the probate process, helping you understand what to expect and how to prepare.

Key Points:

  • Executor Support: Assisting those named in the will to manage the probate process.
  • Probate Valuation: Evaluating the estate for probate and inheritance tax purposes.
  • Navigating Probate Without a Will: Helping administrators manage estates when no will exists.

Estate Planning and Taxation

Strategic estate planning can significantly reduce the inheritance tax (IHT) burden on your estate. At Continuum Wealth, we offer expert advice and detailed IHT calculations to help you understand and manage potential tax liabilities. Our goal is to ensure that more of your estate is preserved for your beneficiaries.

Key Points:

  • IHT Calculations: Determining how much tax will be due on your estate.
  • Tax-Efficient Gifting: Advising on gifts and trusts to minimise IHT.
  • Use of Allowances and Reliefs: Maximising the use of available tax reliefs to reduce the tax burden.

Estate Planning and Trusts

Trusts can be a powerful tool in estate planning, providing flexibility, control, and potential tax benefits. While Continuum Wealth does not set up trusts directly, we refer clients to specialised solicitors who can. Once established, we offer expert investment management services to grow and protect the assets within the trust.

Key Points:

  • Types of Trusts: Understanding discretionary trusts, interest in possession trusts, and bare trusts.
  • Investment Management: Managing the holdings within the trust to ensure they align with your financial goals.
  • Reducing IHT: Using trusts strategically to minimise inheritance tax.

Estate Planning and Wills

A well-drafted will is fundamental to any estate plan, specifying how your assets should be distributed and who should manage the process. Continuum Wealth collaborates with solicitors to ensure you have a comprehensive and legally sound will that reflects your wishes.

Key Points:

  • Creating a Will: Partnering with solicitors to draft and update your will.
  • Testamentary Trusts: Including trusts within your will for added protection and tax benefits.
  • Updating Your Will: Advising on when and how to update your will to reflect life changes.

Why Choose Continuum Wealth?

Choosing Continuum Wealth means partnering with a firm built on trust, integrity, and a deep understanding of financial markets. We offer:

  • Expertise and Experience: Our team of financial advisers and network of legal experts bring extensive experience in holistic estate planning.
  • Client-Centric Approach: Your story, family, and future are at the heart of our service.
  • Integrated Financial Solutions: We offer a comprehensive approach for a harmonious estate plan that reflects your unique goals.

We understand that your financial needs and dreams are as unique as you are. That's why we take the time to listen to your stories, understand your aspirations, and address any concerns you might have about your financial future.


Independent Financial Advice - Continuum Wealth

At Continuum Wealth, we are dedicated to your financial well-being. Our personalised services are designed to align with your unique needs, helping you navigate through each phase of your financial journey. To discover how we can assist in achieving your financial goals and securing your future, please contact us today. Your trust is our greatest asset, and together, we can build a future that surpasses your expectations.

By engaging with Continuum Wealth, you can be confident that your estate planning needs will be handled with the utmost care and expertise. We are here to ensure that your legacy is preserved and your wishes are honored.

Feel free to contact us to start planning your estate and secure your family's future.

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Frequently Asked Questions

Continuum Wealth offers comprehensive estate planning services, including collaborating with legal experts to draft wills and trusts, providing tax planning advice, and managing investments within trusts. We tailor our services to your specific needs to ensure your estate plan reflects your goals.

To get started, contact us to schedule a consultation. We will discuss your financial situation, goals, and needs, and develop a personalised estate planning strategy. Our team of experienced professionals will guide you through the process to ensure your legacy is secure.

Feel free to reach out to Continuum Wealth to begin planning your estate and secure your family's future. We are here to provide the expertise and support you need to ensure your wishes are honored and your legacy is preserved.

Trusts are a vital part of estate planning, offering benefits such as asset protection, tax efficiency, and control over how and when your assets are distributed. They can be tailored to meet various needs and circumstances, providing flexibility and security for your beneficiaries.

You should review and update your estate plan regularly, especially after significant life changes such as marriage, divorce, the birth of a child, or changes in financial status. Regular updates ensure that your estate plan remains current and effective.

Effective estate planning can reduce the inheritance tax (IHT) burden on your estate. This involves using tax-efficient strategies such as gifting, trusts, and maximising available tax reliefs. Proper planning ensures more of your wealth is preserved for your beneficiaries.

Key documents include:

  • A will: Specifies how your assets should be distributed and who will manage your estate.
  • Trusts: Provide flexibility, control, and potential tax benefits.
  • Lasting Power of Attorney (LPA): Grants someone the authority to manage your financial and health affairs if you are incapacitated.
  • Advance Directives: Outline your wishes for medical care (known in the UK as Advance Decisions or Living Wills).

If you die without an estate plan, your assets will be distributed according to the rules of intestacy, which may not reflect your wishes. This can lead to legal disputes, higher taxes, and complications for your family. An estate plan ensures your assets are handled according to your preferences.

A Lasting Power of Attorney (LPA) is a legal document that grants someone the authority to make decisions on your behalf if you become incapacitated. It is crucial for managing your financial and healthcare affairs when you cannot do so yourself. There are two types of LPA in the UK: one for financial decisions and one for health and welfare decisions.

Estate planning involves arranging the management and disposal of your assets during your lifetime and after your death. It includes drafting legal documents such as wills and trusts, planning for tax efficiency, and appointing powers of attorney to manage your affairs if you become incapacitated.

A financial adviser helps you understand the financial aspects of estate planning, such as tax implications, investment management, and asset distribution. They work with legal professionals to ensure your estate plan is comprehensive and aligned with your financial goals.

It's never too early to start estate planning. Ideally, you should begin as soon as you have assets to protect or dependents to care for. Significant life events such as marriage, having children, or purchasing a home are also good times to create or update your estate plan.

Estate planning ensures that your assets are distributed according to your wishes, minimises potential legal disputes, reduces taxes, and provides for your family's financial future. It also includes provisions for managing your affairs if you become unable to do so yourself.

 

Note: This page is for information purposes only and should not be considered as financial advice. Always consult an Independent Financial Adviser for personalised financial advice tailored to your individual circumstances.