Family wealth management

Getting support for family wealth management from an independent adviser can give you peace of mind for your future. Far more detailed than day-to-day budget management, our team can help you plan for intergenerational wealth transfer, maximising your savings, pensions and investments, make your tax more efficient, and protect your family against whatever the future might bring.

Intergenerational wealth planning

For too long, talking about the family finances has been a taboo. We encourage families to have honest conversations about their financial position. These discussions are invaluable in making the younger generations more knowledgeable about money management ahead of any inheritance they receive.

Intergenerational wealth planning helps all members of the family be more aware of their contributions and withdrawals from the family finances. We help grandparents to set up trusts (or gifting allowances) for their children and grandchildren. We also advise on how to cover care costs for ageing parents while also supporting your young family.

Tax planning

Our team of independent financial advisers are very experienced in helping our clients to become more tax efficient. We work with you to make sure you are meeting your legal tax obligations while capitalising on government-approved tax reliefs. Our team can help you invest wisely. We’ll advise on how to set up trusts and savings accounts, maximise pension tax reliefs, and many more tax-saving strategies.

Savings and pensions

You want to know there is always money available for emergencies, rainy days and luxuries, while preparing for a comfortable retirement when you are ready to stop working. Sitting down with our family wealth advisers can help you to maximise your savings and pension pots.

We will use your available income and current expenditure alongside forecasting tools to show what funds you have available for savings, investments and pension planning. Our financial planners advise you on things you can do now to prepare for your family’s future, while continuing to meet your day-to-day financial obligations.

Simplifying your affairs

With effective estate planning, you can simplify your affairs. Taking the time now will mean your family has less to admin to manage after your death. By keeping an up-to-date will, nominating power-of-attorney, detailing all your assets, and outlining your funeral wishes, you can take a lot of pressure off your family. Arranging these details while you’re still able to allows your loved ones to focus on grieving your loss, not struggling through paperwork when the time comes.

Family protection

It is very important to make sure you have protections in place for your family finances. These safeguard against unexpected tragedies or job losses. Ensuring you have life insurance, critical illness cover and income protection policies in place offers a safety net if you are ever unable to continue working.

Let’s secure your family finances

Arrange your meeting with a YorWealth financial adviser today to get help with family wealth management and financial planning. We work closely with our clients to get to understand their current financial position and their goals for the future. By really taking the time to get to know a family, we can offer the very best support for their long-term financial security.