Inheritance and Succession Planning

The transfer of wealth – and the control of wealth – from one generation to the next is an issue of increasing prevalence.

Planning for the handover of control can be years in the making and will usually require consideration of complex issues.

Receiving or giving an inheritance is relatively straightforward.  Whether the inheritance is applied in the manner intended is an entirely different issue.

Some of the risks facing inheritances include:

• Potential claims under the Property (Relationships) Act 1976
• Claims from disinherited children and grandchildren
• Funds being squandered by recipients
• Assets being seized by creditors

Due to these and other concerns, we have seen an increase in the number of people putting arrangements in place to secure either the inheritances they anticipate receiving and/or the inheritances they anticipate passing onto the next generation.

Using asset planning techniques and mechanisms such as wills and trusts we are able to assist clients to protect and preserve their inheritance, and to better achieve their aims.

Inheritance and succession planning gives clients peace of mind from the confidence of knowing that their arrangements - both for their lifetime and for their successors – are well organised and robust.