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Welcome to 
Assured Private Wealth, Estate Planning Services in Southampton and beyond

Our team of inheritance tax financial consultants provide independent financial advice on estate planning, pensions, wills and trusts together with insurance and general protection.

FCA Regulated Estate Planning from Southampton and beyond

Our aim is to provide expert estate planning advice along with other services such as pensions advice and inheritance tax planning catering to your specific needs. The initial introduction process allows us to gather information about your finances, prospects and hopes for the future. Working together, we provide a practical plan allowing you to achieve your long-term objectives while also setting short to medium-term goals.

Long-term planning with pensions, wills and trusts ensures you benefit from tax breaks and minimise your tax liabilities. A flexible approach allows us to adapt to your changing situation and the ever-changing mix of financial regulations while not losing sight of your long-term aspirations.
About Us

Importance of Estate Planning: Securing Your Future and Legacy

Estate planning is a crucial yet often overlooked aspect of personal financial management. It involves the preparation of tasks that serve to manage an individual's asset base in the event of their incapacitation or death. This planning includes bequeathing assets to heirs and settling estate taxes. While it might seem daunting, comprehensive estate planning ensures that your wishes are honoured, your loved ones are protected, and your financial legacy is preserved.

understanding Estate Planning

At its core, estate planning is about ensuring your assets are distributed according to your wishes upon your death. It encompasses several key elements:

Will Creation: A will is a legal document that outlines how your assets will be distributed after your death. It also names an executor, who is responsible for managing your estate, and can include guardianship arrangements for minor children.

Trusts: Trusts are legal arrangements that hold assets on behalf of a beneficiary or beneficiaries. They can help reduce estate taxes, protect your estate from lawsuits, and ensure your assets are managed according to your wishes.

Power of Attorney: This legal document grants a trusted person the authority to make decisions on your behalf if you become incapacitated. There are different types of power of attorney, including financial and medical.

Living Will: A living will, or advance directive, specifies your wishes regarding medical treatment if you become unable to communicate those decisions yourself. This can include preferences for life-sustaining treatment and end-of-life care.

Why Estate Planning is Essential

Control Over Your Assets

Estate planning allows you to decide how your assets will be distributed. Without a will or trust, the state will make these decisions, which may not align with your wishes. Proper planning ensures your assets go to the people and causes you care about most.

Reducing Taxes

Through strategic estate planning, you can minimise the tax burden on your estate. Trusts and other estate planning tools can help reduce inheritance taxes, ensuring more of your wealth is passed on to your heirs.

Avoiding Probate

Probate is the legal process through which a deceased person's will is validated and their estate is distributed. It can be lengthy and costly. Proper estate planning can help avoid probate or expedite the process, saving your heirs time and money.

Protecting Beneficiaries

Estate planning isn't just for the wealthy; it ensures all beneficiaries, including minor children or those with special needs, are cared for. It can prevent family disputes and ensure your wishes are clearly communicated and legally upheld.

Steps to Effective Estate Planning

1. Inventory Your Assets

Make a comprehensive list of your assets, including properties, investments, insurance policies, and personal possessions. This inventory will form the basis of your estate plan.

2. Determine Your Wishes

Consider how you want your assets distributed and who should make decisions on your behalf if you are unable to. Discuss these wishes with your family and loved ones to ensure everyone understands your intentions.

3. Consult a Professional

Estate planning can be complex, involving legal and financial expertise. Consulting a solicitor or financial planner who specialises in estate planning can ensure your plan is comprehensive and legally sound.

4. Regularly Update Your Plan

Your circumstances and assets can change over time. Regularly review and update your estate plan to ensure it continues to reflect your wishes and current laws.
I was happy with the service and correspondence between Paul and myself, he was very professional throughout the process. Paul supplied all the information required, following our telephone conversations.
Judy C
Professional and friendly service from experienced people to help you make the right choices and complete the important paperwork.
Tim P

Want to know more?

Call us for a friendly chat on 02380 661 166 or email: info@apw-ifa.co.uk

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