AFH Trusts and Estate Planning

A Lasting Power of Attorney (LPA) allows you to appoint someone you trust to make decisions about your wealth, your health, or both, when you’re no longer able to. 

Having an LPA means that you nominate an individual (or individuals) to act as your “attorney”, which enables them to operate your bank account, pay your bills or make financial decisions about any of your assets, including investments or property matters, on your behalf. The LPA can be effective immediately or deferred to suit your needs.

Taking the time to think about putting an LPA in place early provides reassurance to you and your family for the future. This is because they ensure your wealth and affairs can be managed if you have an accident or if you're seriously ill and no longer able to make decisions for yourself. 

AFH is uniquely placed as all of our advisers are licensed estate planners. We can help you create a will, which means your estate will be passed on to beneficiaries as smoothly as possible.

As your financial adviser, we’ll have a deep understanding of your wealth and a long-standing relationship with you. This means we can create a will that reduces your exposure to Inheritance Tax, which could allow you to leave more of your money to loved ones.

An Asset Preservation Trust (APT) is a robust legal framework that helps to protect the pension fund or Death in Service (DIS) payment you leave to your loved ones. Once created, your pension will be placed into the trust when you pass, meaning it does not go directly to the person you’ve nominated to
receive it.

Instead, your pension sits outside of their estate, which could help to protect it against Inheritance Tax and future relationship breakdowns. 

This trust helps you 'direct and protect' your assets, so that your estate is passed on as efficiently as possible – something that could reduce anxiety for loved ones at a difficult time. It also helps minimise your estate’s exposure to Inheritance Tax, while safeguarding your wealth for long-term care needs.

The trust also help to ensure your wealth goes to your children
or grandchildren if certain life events happen that could redirect
it to someone else.