We can help ensure your wealth grows and that you pass more of it on to your heirs than to the taxman, Taslondon offers effective wealth management and Inheritance Tax planning. There's a progressively more important reason to look at your estate planning. Wealth management as an investment-advisory discipline incorporates financial planning, investment portfolio management and a number of aggregated financial services.
High-net-worth individuals (HNWIs),small-business owners and families who desire the assistance of a financial advisory specialist call upon our wealth managers to coordinate retail banking, estate planning, legal resources, tax professionals and investment management. Whether you'd like us to design and manage a portfolio for you - or you require specialist advice in wealth and tax structuring - our experts are here to assist.
Our team can help you:
Tax effective state transfers
Draw up your will or review your existing will
Organize life insurance for tax liability protection
Placing assets into trust
Wealth Protection & Personal Insurance
Wealth protection and personal risk insurance helps you protect your ability to earn income and create wealth. Your wealth creation plan will be based on the assumption you will stay healthy and live to a certain age. But there may be unforeseen circumstances which can impact your plans.
Why have risk insurance?
It's not something anyone likes to think about. But life's uncertain. You might not always have the luxury of the income you currently have. You could fall sick or have an accident. But when that happens, you don't have to eat into the wealth you've worked hard to create.
That's why a sound financial plan will help you create wealth and preserve it. Your financial adviser can help you structure your financial plan so that if you're not able to work, you can still maintain your standard of living and keep your investments. Your financial plan is all about helping you keep control of your wealth, so you can make the most of it when you retire. It should also ensure your family is taken care of when you are no longer around to take care of them. Ultimately, your financial plan is about providing you and your family with peace of mind.
Risk insurance shifts the financial burden created by personal risks to insurers who can afford to cover them by pooling the premiums paid by their customers. It provides peace of mind that you and your family are financially secure. Risk insurance may pay an ongoing income or lump sum if you can't work because you're temporarily or permanently disabled, or if you die. There are different types of life insurance available for different needs which are:
· Life Insurance
· Total and Permanent Disability (TPD)
· Income Protection
· Trauma Insurance
How much do you need to protect your financial plan?
Perhaps a good place to start deciding how much you need is to estimate what you’d need to pay off your debts, meet medical costs, meet carer costs, allow for private schooling and how much you’d need each year to cover living expenses. Your financial adviser will help you work out the right amount to be sure you aren’t over-insured – or worse still, under-insured.
As well as personal insurance, business owners need to protect their business operations and cash flow. Buy/Sell and Key Person insurance are vital policies for your business.
Business partners often enter into an agreement where, if one of the partners exits the business when a ‘trigger event’ happens (e.g. as a result of death, divorce, long-term disability, retirement or bankruptcy), the continuing partners are required to buy out the other partner’s interest in the business. This is called a buy/sell agreement (or may be provided for in partnership agreement).
Key Person insurance protects a business in the event of the loss of a person who makes a significant contribution towards the profitability or stability of the business. People who fall into this category would normally have some particular ability, which is difficult to replace.
With TASlondon you will have access to experts who will take the time to understand your financial position. Our recommendations will be clear and realistic about what is achievable and what is advisable. We have a layered investment approach drawing on the depth and breadth of global expertise. Contact us now for an efficient and cost effective service