Trusts and Estate Planning
Trusts and Estate Planning is a very complex area. At Doherty PIC our Team is here to guide you, and your family, through the process. Estate Planning isn’t just about passing on wealth to the next generation, but also about enjoying life now, and ensuring you have enough income and capital available to meet your needs. Our priority is to provide you with peace of mind by ensuring you are in a position to make informed decisions. We consider your vision and goals for the effective transfer of wealth to the next generation.
We take the time to understand, not only your financial position, but the dynamics of your family. Then once we have established your personal objectives our Trust Specialists will help you develop a comprehensive and personalised financial plan to meet not only your income needs, but your multi-generational financial goals. We also ensure that the Trustees are comfortable with their role and understand their responsibilities.
We will look at ways to reduce the value of your estate with significant tax savings but also ensure there is access to any capital required to pay potential inheritance tax liabilities. Our planning will look to use a combination of methods to include asset management, strategic tax planning, trust administration, gifting and using inheritance tax exemptions either directly or through trusts.
It is important to look at Estate Planning sooner rather than later as most of the strategies take time to become effective. In most cases the plan will be developed over several years with the different products introduced at different times.
Our dedicated Team of qualified professionals, steered by our Directors Terry Lappin and Alan Thomson, have a wealth of knowledge and experience in this area. As well as being Chartered Financial Planners, they are also members of the Society of Trust and Estate Practitioners (STEP). This is one of the highest endorsements of technical expertise in this field.
‘Tax, Trust and Estate Planning Services are not regulated by the Financial Conduct Authority’.