Planning your inheritance
The government wants to take up to 40% of your assets when you die.
You can pass on Hundreds of Thousands of Pounds more to your family with careful inheritance tax planning.
Financial planning establishes how much you need to keep to secure your future – after that you can explore options to save inheritance tax.
What is inheritance tax planning?
Your assets are worth a considerable amount and you want to maximise this potential to secure a lasting legacy for your family’s future.
You want your hard-earned money to provide the biggest benefit for your family, or others you care about. Therefore, you want to do what you can to avoid inheritance tax.
However, you do not want to avoid tax at your own expense – you need to be sure that your own future is secure no matter what happens.
Overall, you want to control how your money is passed on, so you can be sure you always have enough for your own needs.
- How much inheritance tax will you pay?
- Can you afford to avoid tax without compromising your own security?
- What options are available to avoid inheritance tax or pass on the maximum to your family?
- How do these options compare in practical terms to pay less inheritance tax?
Inheritance tax planning clients we work with
We usually provide inheritance tax planning to families with at least £2,000,000 of assets (£1,000,000 for individuals). We provide inheritance tax planning for:
- Families who want to plan for future generations (children and grandchildren)
- Business owners and High income clients with significant assets
- Families involved in agriculture looking to avoid inheritance tax increases
“What a relief I feel to have my finances organised by a reliable, approachable and supportive team.”
Chris Wakeling
AVOID INHERITANCE TAX
& SECURE YOUR FUTURE
Our Prosper service will help you understand how to secure your own future and then plan to pass on the best legacy to those you care about. You can assess options to make the best decisions.
YOU MAY HAVE MANY QUESTIONS AND WE CAN HELP YOU EVERY STEP OF THE WAY
SECURE YOUR FUTURE
You want to pass on your inheritance for the maximum impact, but it is important to ensure that you do not leave yourself short. There would be no point in avoiding inheritance tax only to have to undo your plans at a later stage, if you then need the money.
WHAT MATTERS MOST
Our Prosper service provides you with clarity on your financial position which gives you a better perspective on what is of the most importance to you. Until you have this clearly defined it is difficult to start focussing on what goals you want to acheive and crafting a plan of how you are going to get there.
AVOID INHERITANCE TAX
You know that your family faces a huge bill for inheritance tax when you die.
You want to examine established and safe methods to save inheritance tax, and this guide explore some of these ideas. With some careful planning, you can avoid inheritance tax safely and legally.
EXPLORING YOUR OPTIONS
Using our planning software we can explore the long-term effects of any number of different scenarios. This real-time view of the consequences of possible choices you may make is invaluable as a tool to help you understand how best to use your new found wealth.
LIFETIME GIFTS
Lifetime gifts are one of the best ways to pass on your wealth while avoiding inheritance tax. The main benefit to you of this approach is that you will get to see the positive benefits that your wealth can bring to others, while you are alive to experience it. You just need to know how much you should keep to ensure you never run out of money.
GROWING YOUR WEALTH
We will manage your investments so that you can sit back and watch your wealth grow, safe in the knowledge that your assets are generating your desired income and your money is being looked after by regulated experts with a proven track record for growth.
What do our clients have to say about us?
ATTENTION TO DETAIL
“The Woodruff Financial Planning team are great; they’re professional, knowledgeable and demonstrated great attention to detail. Dan is refreshingly honest with his approach. I most definitely recommend Woodruff Financial Planning.”
Paul Field
“You keep things simple, explain things clearly, and do not use jargon.”
“You are always on hand to answer questions promptly.”
“You have a personalised and very knowledgeable service. We trust your advice.”
“It is good to be able to speak to someone rather than an impersonal approach.”
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of our clients say our advice is easy to understand
%
of our clients say they trust us to look after their best interests
%
of our clients say we are responsive to their questions
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of our clients say we care about their needs
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of our clients would recommend us to a friend
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of our clients say they get value from our service
EXPERIENCE THE FEELING OF SATISFACTION
Knowing that your legacy will provide the biggest benefit to those you love, whilst enabling you to have enough for your own needs.
Welcome to our Prosper service.
Our goal is to help you achieve your full potential using our award winning financial planning and wealth management services.
We believe that everybody deserves to live a secure and fulfilled life and this belief is what our Prosper service was built around.
The service focuses on three main areas…
CLARITY
Our Prosper service is designed to help you gain complete clarity over your present and future financial positions. We use our planning software to show how different scenarios will affect your long-term security.
FOCUS
By developing a comprehensive Financial Plan, we enable you to take control of your finances and focus on getting you to your goals as quickly as possible.
FREEDOM
With a Financial Plan in place, you can sit back and relax, safe in the knowledge that your money is being looked after by regulated experts with a track record for growth and a genuine dedication to customer care.
Click below to learn more about how our Prosper service works
OUR PROCESS
Designed with you in mind.
The discovery meeting allows us to find out about you and also helps you to decide if you want to work with us. We ask a series of questions to understand what’s important to you, and what your primary goals are for the future. We use visualisations to explain the Financial Planning process so you can evaluate how it could benefit you. We send you a Service Proposal to explore the issues from this meeting and explain how our service will work for you.
In the fact find meeting we gather the data we need to understand your finances. We conduct a comprehensive data analysis of your income, expenses, assets, and liabilities, so we can examine current and future spending patterns. We need comprehensive details to fully evaluate your position so we can plan for your future. We help you to make sense of your money and fill in any gaps in your data. We will follow up with further queries to your product providers.
Your financial plan examines your current finances, based on reasonable assumptions about the future. We assess possible gaps in your planning you might not consider, so you can be in a more secure position. We compare the current position with different scenarios, so you will immediately see the benefits of any improvements we have recommended. This is a highly collaborative and interactive stage and puts you at the centre of your financial decisions.
Your financial plan will give you a series of recommendations to improve your financial security, and also work towards a better lifestyle. With a clear financial plan in place to achieve your goals, we can implement an investment management portfolio or arrange any appropriate financial products to meet any needs we identify. We'll do the administration so you can sit back and relax as we work hard to help you achieve the life of your dreams.
REVIEWING YOUR PLAN
You will receive regular contact from us with investment valuations every 3 months (although you also get access to our portal for daily valuations if you prefer). You will be offered at least one annual meeting to review your Financial Plan and investment portfolio, making the necessary adjustments for your current circumstances so that you remain on track to achieve your goals. We'll also update you with tax data, and make sure you use tax allowances as early as possible for maximum benefit.
The UK Government wants to take up to 40% of your money when you die
You can pass on Hundreds of Thousands of Pounds more to your family with careful planning
This FREE Mini Guide will show you how to legally avoid inheritance tax without sacrificing your own financial security.
Want to avoid inheritance tax?
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Unit 5, Park Lane Business Centre, Park Lane, Langham, Colchester, Essex CO4 5WR
A DIFFERENT APPROACH
We focus on so much more than just your financial planning. We aim to help you reach your full potential, achieve your goals and help you live the life of your dreams.
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