Estate Planning

The transfer of wealth to your loved ones can be a very demanding process with burdening responsibilities. Luckily, at MFPS, we can offer expertly financial advice which will help you navigate tax liabilities whilst ensuring your assets are appropriately protected and split accordingly.

• Tax relief maximisation strategies: We will assist you in exploiting any tax reliefs available, from Business Assets Relief to the Dwelling House Exemption
• Assistance in determining timing of transfers: The timing of your wealth transfer depends on your own personal circumstances as well as your beneficiaries’. We can assist you in deciding whether you should pass down your wealth by way of gift or inheritance, by comparing the tax implications for both.
• Management of Approved Retirement Funds in Estate Planning: We will help you understand the different tax treatments applied to your ARF/AMRF and how these are affected by the inheritor of your assets. We can help you move your assets in such a way that those to which the wealth transfer will be made can benefit from maximum tax savings
• Analysis of relevant financial documents: At MPFS, we will help you fully understand your financial documents and how they apply to your estate planning objectives. We can provide a detailed breakdown of the contents of your lifetime and deathtime documents, including your trust documents and retirement investment plans.