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Primary Financial Management Limited is Authorised and Regulated by the Financial Conduct Authority.

 

The guidance and/or advice contained within this website is subject to the UK regulatory regime and is therefore primarily targeted at consumers based in the UK.

 

Registered address : 9 Thistlecroft, Houghton Le Spring, Tyne and Wear, DH5 8LT

 

Registered in England and Wales - Company number 6748574

 

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Estate Planning

Planning for your family future.

Why should you review your estate planning?

 

•It allows you to make decisions regarding how your wealth is distributed in the event of death.

•Take steps to mitigate some or all of any Inheritance tax liability.

•You can decide if beneficiaries should have direct access or whether this should be via some form of trust planning.

 

Trust planning sounds complicated and technical, however it does provide a greater degree of flexibility to your estate.

Estate planning allows you to pass on your lifetime's wealth to chosen beneficiaries. When you have spent a lifetime building up your personal wealth and may also have inherited wealth from parents or other family members, we believe you would want to ensure that upon your death your estate will pass into the hands of these chosen beneficiaries.

Making your Will is perhaps something that you may have been putting off for some time. You're not alone, as many as 70% of people have not made their Will, thinking things will happen automatically. They do, but probably not (in many cases) as they would have wanted them to!

There really isn't an 'off-the-shelf' or a 'fit-all' Will as circumstances can be radically different from one person to the next. It is for this reason, among others, that we decline when asked to take instructions to draft documents over the internet. It just isn’t practical and for security reasons is unacceptable.

The Financial Conduct Authority does not regulate Will Writing.

Lasting Power of Attorney (LPA)

 

A Lasting Power of Attorney (LPA) is a legal document that enables someone (the donor) to appoint one or more persons (attorney(s)) to manage their financial affairs and property, either now or in the future. If as a result of accident or illness you lose mental capacity without a LPA your affairs will be managed by a receiver appointed by the Court of Protection at substantial expense.

 

As Independent Financial Advisers, Will Writing and related matters, is a natural extension of our services. We avoid using technical jargon as much as possible and offer a service that makes the process convenient and less complicated.

It is particularly important to have a Will in place if you own your own property, are married, have entered into a Civil Partnership, have a long term partner, have dependents or wish someone to benefit from your assets who is not a close member of your family.  By making a Will, you can stipulate how you would like your assets to be distributed in the event of your death – giving you and your family protection and peace of mind.

 

There is a general misconception that if you are Married or have entered into a Civil Partnership that your spouse or civil partner will automatically inherit everything you own upon your death.  This is not the case.  On the contrary, the law sets out who gets what in the Law of Intestacy.  

These laws may not represent your wishes, which is why it is important that you consider setting up a Will to ensure that your wishes are followed.  Furthermore, the law makes no provision for a partner if you are not married or in a civil partnership – even if you have lived together your entire lives.

Will Writing

Primary Financial Management Limited is Authorised and Regulated by the Financial Conduct Authority.

 

The guidance and/or advice contained within this website is subject to the UK regulatory regime and is therefore primarily targeted at consumers based in the UK.

 

Registered address : 9 Thistlecroft, Houghton Le Spring, Tyne and Wear, DH5 8LT

 

Registered in England and Wales - Company number 6748574

 

Privacy Statement

 

web design copyright FTC Design