Lowes Inheritance Guide (Old)

LOWES INHERITANCE GUIDE

What to consider when you’re thinking about passing on your wealth

There often comes a time in life when we think about the inevitable and passing on money to our family. Inheritance planning requires careful consideration, to make the most of your hard-earned wealth.

Increasingly, as a result of living longer lives, we find that gifts are made during lifetimes, rather than waiting until death to pass on an inheritance. This approach can bring with it a lot of benefits, but it needs to be carefully planned so you pass on money efficiently and leave enough behind for your own needs. It’s important to minimise the amount of tax you pay when you die, not creating an unnecessary tax bill for your children or grandchildren. Remember that inheritance tax planning is only one small aspect of ensuring a successful transition of wealth from one generation to the next.

We’ve written this guide to cover 7 of the most important things to consider when you’re thinking about passing on your wealth. Successful inheritance planning means thinking about all of these areas and making clear decisions designed to satisfy your overall financial goals in life. Before reading this guide, it’s essential to have a good understanding of your current financial position, especially what you own (your assets) and what you owe (any debts).

We hope you find this guide informative.

If you would like to discuss your inheritance plans and how Lowes Financial Management can help, please do call us on 0191 281 8811 or email Enquiry@Lowes.co.uk to arrange a free initial consultation with a Lowes Consultant.

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