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Inheritance Tax and Estate Planning

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Passing your wealth on to future generations

Planning for end of life is not easy. Families can be complex and having conversations about death are understandably difficult. Deciding who and when you want to leave assets and worldly goods to is a big decision. For this reason, some people avoid making a Will.

Making a Will is the basis of sound estate & legacy planning. It’s simply laying out in legal terms what you want to happen when you are gone.

Alongside this, there are other aspects to consider. We will talk to you about planning for a time when you may not be as physically or mentally capable as you are today. As people advance in age, conversations often turn to what will happen if their health deteriorates and they need more help. We will talk to you about what you would like to happen in that situation so you can consider your options and put in place the right documents such as Lasting Powers of Attorney. We will handle these conversations sensitively, but also with realism, with you and of course family, if needed.

From a tax perspective, the final part of estate planning is looking at whether your estate is likely to be reduced because of Inheritance Tax. We will assess your assets and calculate what your tax situation is currently. We will talk to you about ways to mitigate, reduce or insure any tax due. This often means using trusts to protect not only your assets but more importantly the future of your beneficiaries. We have a range of solutions available and will work with you to find the right ones for you.

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.
Wills and Trusts are not regulated by the Financial Conduct Authority.
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WE ARE WITH YOU EVERY STEP OF THE WAY

We pride ourselves on our ability to build long term relationships with both our clients and their families. The majority of our clients have been with us for over 30 years, benefiting from consistency and stability, building a mutual and long term vision to achieve financial success and peace of mind.

P A Asset Management will help you build a financially secure future within a trusted environment. We share in your journey, constructing a sound financial framework, planning and developing as you move through the years, allowing you and your family to reap the benefits. Every step of the way, we will be there, helping you navigate the sometimes-bewildering financial landscape to ensure you stay on the right path to meet your objectives.

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30+
YEARS OF FINANCIAL EXPERTISE

We are independent financial advisers with a difference.

With over 30 years of experience, our role is to provide you and your family with the financial confidence to live life how you want to, now and in the future.

We will help and support you so that you can enjoy the here and now, happy that you know that you are on track to reach your future destination.

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OUR FINANCIAL ADVICE SERVICES

Our financial services are designed to put you at the heart of all we do and to determine the most effective way to achieve your goals. It is expert financial advice unique to you.
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Private Wealth

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Financial Planning

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Retirement Planning

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Inheritance Tax

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Investment Planning

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Protection Planning

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START YOUR JOURNEY WITH US TODAY

We understand that financial planning can be complex, if not daunting. Our goal, together with you, is to help guide you to a secure financial future, allowing you to confidently enjoy today, and tomorrow.

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WHAT OUR CUSTOMERS ARE SAYING

Happy clients are the bedrock of any business and ours is no exception.

Many thanks to the P A Asset Management team. They have consistently given us excellent service and quality advice. They have always been flexible and have tailored their service to our changing needs.

 

 

James Anderson (September 2023)

 

Having been an existing client of PA Asset Management since 2014, I am always pleased with how he simplifies what I consider to be quite complex matters.

 

 

Nick Peters (July 2023)