It is important to ensure your Will is well written and planned correctly; to help you achieve this, we have access to a range of legal service providers who are ready to assist. Whether you need help writing your first Will, want to make amendments to an existing Will or need to get your will reviewed, get in touch with one of our advisers who will be able to support you through the process.
A Will allows you to engage in strategic tax planning to minimise the tax burden on your estate. By utilising tools such as Trusts, charitable giving or other Estate Planning strategies, you can potentially reduce the tax liability and ensure that more of your assets pass on to your chosen beneficiaries. If you fail to make a Will, your assets may be divided according to traditional inheritance rules, based on descendance instead of your own preferences. At Lester Brunt, we recognise the importance of Will writing for a range of financial benefits. By referring you to the most suitable Will writing service, we put you in touch with professionals who offer the best compatibility for your individual circumstances.
In an age where the online world is at our fingertips, why shouldn’t your wealth management be there as well? Our Online Services allow you to access all your wealth investments in one smart place. Whether you’re already registered, or just about to, here are some great features that can help you get the most from your online account.
Registering for Online Services with an activation code allows instant access. If you haven’t got a code, please contact your adviser. Registering online ensures all information is password protected.
Set your communication preferences to receive your digital reports and electronic correspondence.
Make online debit card payment for ISA and any JISA top ups with a debit card
linked to your account, on demand and at a time that suits you. Make payments to Unit Trusts, Retirement Accounts and new ISAs. (Speak to your adviser in order to get this process started) View the value of your investments in a range of currencies and see a breakdown of
this valuation. Instant notifications when a new document is available to view.
For every client opting for paperless correspondence, St. James’s Place will donate £5,to the St. James’s Place Charitable Foundation.
The value of an investment with St. James’s Place will be directly linked to the performance of the funds you select and the value can therefore go down as well as up. You may get back less than you invested.
The favourable tax treatment of ISAs may not be maintained in the future and is subject to changes in legislation.
Less well-known is that children can also have a pension fund as soon as they are born – and setting one up can bring significant tax advantages. Even if your child is a non-taxpayer, they will still get basic-rate tax relief on contributions. That means a maximum of £2,880 a year is automatically grossed up to take account of tax at 25%, giving an annual investment of £3,600
We understand that preparing to write a Will can be a daunting process. Our advisers are on hand to talk you through the steps required to write a Will, and to refer you to a suitable service that’s trusted by us at Lester Brunt.
There are several reasons why you might require a Will writing service, from writing your first Will, to making amendments, or having an existing Will checked and reviewed. These are the steps you can expect for each process:
When you speak to a Will writing service you will be asked to not only detail how you wish your remains to be treated, but also to gather information about your assets and consider who you want as beneficiaries and executors (as well as guardians for minors). You can also address more complicated arrangements, for example if you have a business or you want to leave money or property to a dependant who cannot care for themselves.
You will need to specify asset distribution and outline and special requests clearly to avoid any confusion. The Will needs to be formally witnessed and signed by two persons over 18 to make it legally valid.
Sometimes even best laid plans need fine tuning, a codicil is used if you need to make alterations that explain, modify or revoke part of your will. If you wish to make meaningful or multiple changes then it is often advisable to draw up a new Will and destroy the old one. We can guide you in this and refer you to a specialist.
Regular Will reviews can help with Inheritance Tax planning, analysing if there are any updates to be made that will reduce any tax that your beneficiaries may need to pay on inherited assets.
Whether your Will already takes Inheritance Tax into account, or you want a Will review to find out what changes could be beneficial, our advisers are here to listen to your individual requirements and find you the best service.
No matter what stage you’re at in life, writing a Will is an invaluable step towards planning for the future of your assets and finances. At Lester Brunt, our advisers can guide you along the way to getting the right advice on your Will, ensuring your wishes are clearly conveyed in the final document.
The levels and bases of taxation, and reliefs from taxation, can change at any time. The value of any tax relief depends on individual circumstances.
The writing of a Will involves the referral to a service that is separate and distinct to those offered by St. James’s Place.
Wills and trusts are not regulated by the Financial Conduct Authority.
For more details about services that we offer reach out to us on 01202 695801, or click the button below.