PROTECTION
PLANNING

Gone are the days when only the very wealthiest needed to think about inheritance tax. The steady rise in property values over the past few decades means that many more people are now liable, and without careful planning, very much more of your estate could be lost to tax than you would like.

By taking a careful look at your current circumstances and thinking about what your future will bring, we can help make arrangements designed to minimise your tax liability. We aim to make sure your estate’s beneficiaries – usually that means family and loved ones – will not be hit by unexpected taxes, and will benefit from your estate in the way you always intended.

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.

For many people, making a gift of money or assets is a pleasing act in itself. It can help the next generation begin making their way in the world at a crucial time in their lives, or it could bring significant benefits for a charity, university or arts organisation.

Beyond the good deed itself, however, making gifts can also be a valuable way of managing your inheritance tax liabilities. We can guide you through the rules and regulations in this area to make sure your gifts are made in the right way and at the right time, so that the beneficiaries can take advantage of your generosity without being hit by unexpected tax bills.

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.

Today’s healthier lifestyles and improved medical care mean that life expectancy has risen steadily for decades. This is a good thing for many, but the financial implication of living longer can be considerable.

With longer lives comes the greater likelihood of people needing some kind of long-term care, and that needs to be paid for.

By making plans for later life – whatever that might bring – you are able to make sure your wealth is used in the most appropriate, tax efficient way. With our help, you can feel secure in the knowledge that your future will be paid for, whether that means living in your own home, with your family, or moving into residential care.

The rules around paying for long-term care vary depending on where you live in the UK, but for many people – including those with only modest assets – the financial burden will fall on them.

Quite apart from the emotional cost of arranging care for yourself or a loved one, this is a complex subject that can prove stressful and time-consuming, which is why our specialist advice can prove so valuable.

We help you put arrangements in place today that will plan for any long-term care costs that arise in the future can be paid for. No one wants to feel they are a burden on their loved ones, and this peace of mind lifts a weight from many people’s shoulders.

Dealing with someone’s legal, financial and personal tax affairs after they have died can be a stressful, complex business.

There are legal matters, tax implications and many administrative tasks to carry out, and few people have previous experience in dealing with the many issues that arise.

Specialist help can prove invaluable when faced with so many potentially confusing and convoluted tasks. We are able to arrange all the assistance you need at this difficult time, taking away the administrative headaches and making sure that every aspect is dealt with smoothly.

The St. James’s Place Estate Administration Service can provide you access to Kings Court Trust, Clarke Wilmott and Pavilion Row who can provide this incredibly valuable service. They have been chosen for their commitment to client care and their market leading services.

The services provided by Kings Court Trust, Clarke Wilmott and Pavilion Row are separate and distinct from those offered by St. James’s Place.

A trust is a legal entity that holds your assets for a period of time before they are passed onto to those who you want to receive them.

This might be because the beneficiary isn’t yet old enough, though there may be many other reasons why a trust is worth setting up. We help identify whether a trust would be a good idea for you, and if so, we can guide you to the best administrative help.

We work closely with the Genus Trust Company to give high quality advice and assistance in all matters relating to setting up and managing trusts. The Genus Trust Company is as focused on your needs as we are, building long-term relationships designed to give you full peace of mind.

Trusts are not regulated by the Financial Conduct Authority. However, please be aware that Genus Trust Company Limited is regulated by the Jersey Financial Services Commission.

The services provided by The Genus Trust Company are separate and distinct from those offered by St. James’s Place Wealth Management.

Making a will is important for many reasons. You want to be in control of what happens to your assets after your death, and a will helps make sure those who you want to benefit receive the assets you always intended.

A carefully drafted will is also an important part of your inheritance tax planning, and we guide you through the process so that you make the most of all the tax reliefs available. We also make sure that old wills are updated in line with your current circumstances and wishes, and are able to regularly review the arrangements to make sure they remain appropriate as your life moves on.

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 are not regulated by the Financial Conduct Authority.