Premier Wealth Management based in Birmingham, UK

Legacy Planning

What do you want to leave behind?

It can be difficult to find the right balance between enjoying your wealth now and setting some aside to pass on to your family and loved ones. What will your legacy be? 

Many people have financial plans or investments in place for retirement, but planning for the future of your money is not the same as planning for the future of your wealth. Most importantly, the longer your legacy, the less you will be able to predict the habits of future generations. A legacy plan helps you position your wealth in such a way that your descendants understand the ethos and values that went into building it, and your intentions for its lasting impression.

Legacy Planning can help you answer key questions that will prevent issues in the future, such as:

  • Who do you want to receive what?
    A clear plan can prevent disagreements and further costs surrounding the inheritance of your estate.
  • How to leave the maximum possible behind?
    Work out the true value of your assets and prevent unexpected tax implications.
  • What do your loved ones need?
    By laying it all out, you can make sure you can provide appropriately for everyone and design financial vehicles to support their individual circumstances.
templerow-plan

Our Legacy Planning process is designed to define, create and implement a wealth plan for your future generations that is consistent with your values and wishes. Having created your wealth and protected your financial assets, the next step is to prepare your beneficiaries to receive their inheritance and in doing so, create a lasting legacy.

Our team takes the time to discuss and understand what’s really important to our clients, including their knowledge, wisdom, values and beliefs. Talk to us today about creating a legacy plan for your wealth.

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 Legacy Planning is planning beyond the generation that is currently alive. Inheritance planning is trying to minimise the tax that will be paid between you and the next two generations (your children and grandchildren). Tax planning can be all of the above but more focused on minimising your current tax liabilities.

This will depend on the products and wrappers that you chose when setting up your portfolio. We recommend considering potential changes when you are building your plan, taking into account the unforeseen as much as possible.

Yes you can. It is entirely up to you who is included in the planning. We have a number of trusts and plans that make use of professionals to help control the investments, plans and future business. This helps to manage the benefits for beneficiaries of the plans.

Relevant insights

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Interested?

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