3. The Demelza Group are proud sponsors of
The Official International Classical Concert Series
2015/16 at the Hall For Cornwall.
As part of this series of concerts “The Aronowitz
Ensemble”, will be performing here this evening. If
you would like to attend, we would be more than
happy to arrange complimentary tickets for you.
7. The Demelza Group
The Demelza Group comprises two separate
companies:
• Demelza Financial Planning Ltd – Trading as
Demelza Lifestyle Financial Planners – regulated by
the Financial Conduct Authority (460974).
• Demelza Independent Estate Planning Ltd.
9. Inheritance Tax
“Inheritance tax is a voluntary levy paid by those who
distrust their heirs more than they dislike the Inland
Revenue”
Sir Roy Jenkins, Former Labour Chancellor of the
Exchequer
18. 7 Ways to reduce IHT
1. Make a Will.
2. Invest to reduce & remove the tax.
19. 7 Ways to reduce IHT
1. Make a Will.
2. Invest to reduce & remove the tax.
3. Give your money away - 7 year clock.
20. 7 Ways to reduce IHT
1. Make a Will.
2. Invest to reduce & remove the tax.
3. Give your money away – 7 year clock.
4. Trust Planning.
21. 7 Ways to reduce IHT
1. Make a Will.
2. Invest to reduce & remove the tax.
3. Give your money away – 7 year clock.
4. Trust Planning.
5. The use of debts.
22. 7 Ways to reduce IHT
1. Make a Will.
2. Invest to reduce & remove the tax.
3. Give your money away- 7 year clock.
4. Trust Planning.
5. The use of debts.
6. Gifts & allowances.
23. 7 Ways to reduce IHT
1. Make a Will.
2. Invest to reduce & remove the tax.
3. Give your money away – 7 year clock.
4. Trust Planning.
5. The use of debts.
6. Gifts & allowances.
7. Life Assurance.
24. Invest to reduce & remove the tax
• Business Property Relief.
• Trusts – Discounted Gift Trusts & Loan
Trusts.
• Enterprise Investment Schemes.
25. Give your money away
• Cash – Unlimited if you live 7 years.
• Other assets – CGT.
• After 7 years you have an additional IHT allowance.
• No control.
• Money could be at risk e.g. divorce, bankruptcy, IHT,
care fees to name a few issues.
• You might need it.
26. Trust Planning
• In general assets shouldn’t be given to an individual
they should be placed in Trust.
• What is a Trust?
• Asset is in Trust, and therefore is legally owned by
the Trustees.
• Asset therefore doesn’t form part of the
beneficiary’s estate and therefore aren’t included
for IHT, care fees, divorce, bankruptcy etc.
28. What is Asset Protection?
• Protecting your savings, investments, property etc
against numerous threats, in particular HMRC, local
authorities and changes in family circumstances.
• Most strategies are based around the use of Trusts.
• Assets should not be left or given to an individual.
Where possible a Trust should be used.
33. Asset Protection
1. Care Fees.
2. Inheritance Tax.
3. Marriage After Death (MAD).
4. Divorce.
5. Bankruptcy.
34. Asset Protection
1. Care Fees.
2. Inheritance Tax.
3. Marriage After Death (MAD).
4. Divorce.
5. Bankruptcy.
6. Lasting Power of Attorney.
35. Asset Protection
1. Care Fees.
2. Inheritance Tax.
3. Marriage After Death (MAD).
4. Divorce.
5. Bankruptcy.
6. Lasting Power of Attorney.
7. Challenged Will.
36. Asset Protection
1. Care Fees.
2. Inheritance Tax.
3. Marriage After Death (MAD).
4. Divorce.
5. Bankruptcy.
6. Lasting Power of Attorney.
7. Challenged Will
8. No Probate Fees.
37. Asset Protection
1. Care Fees.
2. Inheritance Tax.
3. Marriage After Death (MAD).
4. Divorce.
5. Bankruptcy.
6. Lasting Power of Attorney.
7. Challenged Will
8. No Probate Fees.
9. Reduced Delays.
38. Asset Protection
1. Care Fees.
2. Inheritance Tax.
3. Marriage After Death (MAD).
4. Divorce.
5. Bankruptcy.
6. Lasting Power of Attorney.
7. Challenged Will
8. No Probate Fees.
9. Reduced Delays.
10. Protecting Disabled Benefits.
39. Care Fees
• Mirror Wills.
• Survivor inherits everything.
• Survivor requires care and therefore
all the assets are at risk.
Solution: Equalise estate and each
leave their share to a Trust.
40. Inheritance Tax
• Mirror Wills.
• Second death everything passes to
children.
• The children’s estate is increased and
therefore possibly more IHT.
Solution: Equalise estate and each
leave their share to a Trust.
41. Marriage After Death (MAD)
• Mirror Wills.
• Wills are null & void after marriage.
• Rules of intestacy.
Solution: Equalise estate and each
leave their share to a Trust.
42. Lasting Power of Attorney (LPA)
• Property & Finance LPA – Enduring
Power of Attorney (EPA).
• Health & Welfare LPA.
58. Asset Allocation
• This is the key to maximizing the return on your
money within your attitude towards risk – 90% to
95% of your returns.
• Assess attitude towards risk.
• Model portfolio based upon your attitude towards
risk.
• Passive.
• Low charges.
• Tax efficient – Pensions.
59. Charges
• Very important.
• The funds we use:
–Initial 0.25%.
–Ongoing 0.545%
• Normal funds – ongoing 2.0% plus.
60. Summary
1. Inheritance Tax (IHT): Invest to reduce & remove the tax.
Give your money away.
Trust Planning.
2. Asset Protection: Care Fees.
Inheritance Tax.
Marriage After Death (MAD).
Mirror Wills??????
3. Investment Planning: Active v Passive.
Asset Allocation.
Charges.
65. Fees
Transactions – one off fee. Half paid at the instruction
stage and the balance is paid on completion of the
work.
Clients -
66. Advisory Process
1. Initial Meeting at our cost.
2. Fact Finding Meeting.
3. Recommendations & Plan.
4. Implementation.
5. Ongoing support and regular planning meetings, at
least annually.
67. Advisory Process
1.Real Wealth Management Plan.
2.Implementation.
3.Ongoing advice and meetings at least on an annual
basis.
Notas do Editor
Inheritance Tax – Have a look at your own situation and get a rough idea of whether you do have an IHT issue and the options available to you.
Asset Protection – Have an idea of what it is and if it applies to you.
Investment Planning- We’ll look at the things you should consider when investing.
Introduction – I’ll tell you a bit about us initially.
Inheritance Tax – Have a look at your own situation and get a rough idea of whether you do have an IHT issue and the options available to you.
Asset Protection – Have an idea of what it is and if it applies to you.
Investment Planning- We’ll look at the things you should consider when investing.