Time to talk
As well as managing your wealth during your lifetime, it’s equally important to consider how you want it managed after you’ve gone. Talking about money can be difficult for families but sharing your plans for your wealth well before your death can prevent potential conflicts after you’ve gone. Our estate planning service can help with this process.
Making a plan
Setting your affairs in order from the start
Estate planning involves organising your financial affairs to ensure your wealth is managed, distributed and transferred according to your wishes when you die. Whether you plan to pass it on to your loved ones or you have philanthropic ambitions, considering your options and putting the right structures in place is vital to achieving a smooth and efficient transfer. Our experienced wealth planners will work with you to create your succession plan that will make the transfer of your family wealth to the generations that follow easier and less stressful. It’s never too soon to start estate planning.
Get in touch today
Find out how we can help you. Call +44 (0)1624 645000 or email [email protected]
Don’t forget tax
An important consideration when planning the transfer of your wealth is inheritance tax
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Inheritance tax
UK inheritance tax may be payable on the value of your estate when you die. Anticipating and planning for this is a key part of estate planning.
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Managing your wealth efficiently
UK inheritance tax is one of the most important considerations when planning to pass on your wealth to your loved ones. Although it’s not payable until you die, it’s sensible to plan well ahead. Based on an understanding of your total wealth, cashflow and goals, an experienced wealth planner can estimate your future inheritance tax liability. They can then help you organise your wealth in the most efficient way, to preserve your assets and minimise the tax due on your death
-
Inheritance tax
UK inheritance tax may be payable on the value of your estate when you die. Anticipating and planning for this is a key part of estate planning.
-
Managing your wealth efficiently
UK inheritance tax is one of the most important considerations when planning to pass on your wealth to your loved ones. Although it’s not payable until you die, it’s sensible to plan well ahead. Based on an understanding of your total wealth, cashflow and goals, an experienced wealth planner can estimate your future inheritance tax liability. They can then help you organise your wealth in the most efficient way, to preserve your assets and minimise the tax due on your death
Make a will
When there’s a will, there’s a way
Do you have a will? Apparently, three out of five adults in the UK still haven’t got round to it. Making a will and setting up powers of attorney should be the first steps in your estate plan. And there are a few things you should consider:
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Is your will up to date?
Life can change and your will should reflect that, accounting for marriages, divorce and bereavement, and the birth of your children and grandchildren.
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Do you have assets in different countries?
Overseas assets may be governed by different rules and regulations that can make accessibility and wealth transfer more complex.
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Do you have dual nationality?
Dual nationalities can add further challenges, with different rules for passing on wealth.
Frequently asked questions
Nedbank Private Wealth
What is an estate?
What is a beneficiary?
What is inheritance tax?
What is a trust?
Structuring
A means of managing your assets for the benefit of others
The use of certain structures – such as Trusts or Family Investment Companies – can be an effective way to pass on your wealth. In doing so, they may no longer form part of your estate. However, you still retain some influence over how your assets are managed and who benefits.
Wealth structuring can offer tax planning benefits and help preserve more of your wealth for future generations. Trusts can be complex structures and there are various different types. Through their understanding of your personal circumstances and objectives, our wealth planners can advise on whether certain structures are appropriate for you.
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Giving it away
Gifting money while you’re still alive has numerous benefits
Gifting money to your loved ones or to charity during your lifetime means you can enjoy seeing others benefiting from your wealth while you’re still around. It can also be a way to reduce the size of your estate for UK inheritance tax purposes. Our experienced wealth planners can help you build a strategy for lifetime gifting that suits your needs.
Related case studies
Read about more clients we have helped
We have helped countless high net worth clients with their financial needs – some straightforward, some complex. Our bespoke approach, where we really get to know our high net worth clients, allows us to offer solutions that other wealth planners and private banks aren’t able to.
Sustaining income after a divorce
Set for retirement
Start planning early
Relocating to the UK
Get in touch today
Find out how we can help you. Call +44 (0)1624 645000 or email [email protected]
OUR TEAM
Meet our team of dedicated professionals
Our teams are highly skilled and will help to understand your needs, giving you access to proactive help and efficiency through a single point of contact.
Find out more about our teams in the UK, Isle of Man, Jersey and Dubai here
Frequently asked questions