Premier Wealth Management based in Birmingham, UK

Inheritance Planning

Preparing for tomorrow

Your wealth can have a huge impact beyond your lifetime. It can be an emotional issue thinking about who should benefit from your estate, and how. But, as with most good plans, it pays to start early and ensure your wealth makes as positive an impact as possible.

Inheritance is also about more than just tax planning. To ensure that your estate is handled according to your wishes, it’s best to have a solid plan in place, along with all the documents you’ll need to make it legal and correct, such as wills, guardianship, trusts, and so on. The rules around inheritance are complex and change regularly. Currently, spouses are allowed to pass assets during their lifetime. If you spend a significant portion of your time outside of the UK, it can affect the laws to which your estate will be subject.

Our expert team can advise and assist you to ensure that your hard-earned wealth is protected, both for you and your family. As licensed Long Term Care specialists,  we’re in this with you for the long haul. 

Estate Planning, Inheritance Tax Planning and Taxation Advice is not regulated by the Financial Conduct Authority. Tax treatment is dependent on individual circumstances and may be subject to change in future.

Why choose Temple Row?

The best people

Our team are experts in all aspects of Wealth Management. We will work hard to protect your wealth and maximise the value you and your family get from it.

Core values

We have a set of values that are present in everything we do. They ensure we put our clients first and provide a transparent service tailored to your individual needs.

WOW Process

Our proprietary process gives us a deep understanding of your personal circumstances and helps us to continually match your goals to your risk and returns.

Frequently asked questions

In our opinion, these are all different things. However, a lot of the time the industry and press use some of these terms interchangeably, which can lead to confusion. At Temple Row we believe that Inheritance planning is trying to minimise the tax that will be paid between you and the next two generations, Legacy Planning is planning beyond the generation that is currently alive (your children and grandchildren) and Tax planning can be all of the above but more focused on minimising your current tax liabilities.

Assuming that you have made the proper declaration of wishes, your heirs will be able to get the benefits from the pension. How they will be able to access it is dependent on their ages and relationship to you.

The simple answer is that, without creating a complex legal framework, you will be subject to the taxes of the country where you held the asset first and your domiciled country next. Our clients are typically UK domiciled and resident. They are subject to the laws of England and Wales.

Relevant insights

Interested?

We’d happily talk through our offering and guide you through our personal approach to Inheritance Planning.