Why is Estate Planning important?

Estate planning is ensuring that your wishes are adhered to before and after your death. There are several ways to ensure your wealth and estate staying in your family after your death. Also to control how your money is passed onto your chosen beneficiaries. Here at Dolphin Financial Limited, we will work out a Legacy plan that is bespoke to you.

Inheritance Tax Planning

We will look at Inheritance Tax Planning. Including looking at your current tax position and future position. We will also look at the current UK regulatory regime including the nil rate band and the impact of the residential nil rate band on your estate.
We will consider whether a liability exists, and options available to you. Find out more about inheritance tax on the Government website here.

The importance of writing a will

Everybody needs a will for various reasons such as, ensuring your estate goes to the people that you want it to.
We can help you write a bespoke will that is tailored to your needs and wants.

Lasting Power of Attorney

What is an LPA?

These are vital documents and are a must to ensure that if you lose mental capacity or became unable to manage your own affairs, the people YOU want to make those decisions for you are legally able to do so! These people would need to become your Attorneys and you must arrange this whilst you have the capacity to do so!
We all associate losing capacity with Alzheimers and Dementia but what if you were to have a serious accident?

There are two types of Lasting Power of Attorney.

  1. Property and Affairs
  2. Health and Welfare

Asset Protection & Will Trusts

Will Trusts

Will Trusts, which are written into your Will, are used for a variety of reasons, such as;
to help protect and safeguard your personal assets (such as your home and savings) for children or other beneficiaries after your death. Remarriage and Divorce are major factors in modern times and standard Wills do not give any protection at all against these concerns.
to provide a home for someone after your death (an unmarried partner, adult child, friend or an elderly relative) for a specified period of time before the property passes to the ultimate beneficiaries. The ultimate beneficiaries are unable to forcibly remove the ‘tenant’ and sell the property until the specified time has passed.
to protect a disabled or troubled (alcohol/drugs/gambling) beneficiary’s inheritance.

Asset Protection Trusts (APT) (also known as FAMILY TRUSTS)

Asset Protection Trusts are used for a variety of reasons and are set up NOW, during your lifetime. These Barrister drafted Trusts, have significant benefits over Will Trusts and are used for many reasons such as;

  • Protecting your estate from 3rd party claims
  • To ensure bloodline planning for future generations
  • To prevent your estate diluting though divorce or remarriage of a beneficiary
  • To mitigate inheritance tax liabilities for future generations
  • To remove the lengthy, costly process of probate after your death allowing instant access for beneficiaries because Assets held in an APT typically do not require probate

Funeral Planning

We can help you arrange a funeral plan – we use a specialist prepaid funeral plans provider in the UK, dedicated to providing services of the very highest quality.


Speak to one of our Independent Financial Advisers

If you would like further information, please contact us, or click here to book your free initial consultation.

Dolphin Financial is Authorised & Regulated by the Financial Conduct Authority - 778632
Registered in England & Wales - Company No. 10713348