Wealth & Succession Planning.

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Wealth & Succession Planning in Exeter, Cullompton, and Tiverton.

Effective Wealth and Succession Planning is crucial for securing your legacy and ensuring the continued success of your family and business. I offer Wealth & Succession Planning Services in Exeter, Cullompton, Tiverton, and across Devon, helping you navigate complex issues, optimise your assets, and plan for the future with confidence.

Why Wealth & Succession Planning is Essential

Wealth and succession planning involves creating a strategy to manage and transfer your assets in a way that aligns with your goals and values. Proper planning allows you to:

  • Preserve and Grow Wealth: Implement strategies to protect and enhance your wealth over time, ensuring stability for future generations.
  • Ensure Smooth Succession: Plan for the transfer of business ownership or family assets, minimising disruptions and ensuring continuity.
  • Minimise Tax Liabilities: Employ tax-efficient strategies to reduce potential tax burdens and maximise the value of your estate.
  • Align with Your Values: Reflect your personal and family values in your planning, ensuring that your legacy aligns with your wishes.

My Wealth & Succession Planning Services

Strategic Succession Planning

For family-owned and privately held businesses, succession planning is critical. I help develop strategies for transferring ownership and management of your business, ensuring a smooth transition and continuity of operations.

Estate Planning and Protection

Effective estate planning is essential for protecting your assets and providing for your loved ones. I guide you through creating Wills, setting up trusts, and implementing strategies to minimise inheritance tax and other potential liabilities.

Trusts and Asset Protection

Trusts can be a powerful tool for managing and protecting your assets. I help establish and manage various types of trusts, including family trusts, charitable trusts, and asset protection trusts, to ensure your assets are used in accordance with your wishes.

Tax Planning

Minimising tax liabilities is a key component of wealth planning. I provide tailored advice on tax-efficient strategies, including gift planning, tax reliefs, and inheritance tax planning, to help you preserve as much of your estate as possible.

Collaborative Wealth Management

I can recommend trusted wealth managers or collaborate with your existing wealth manager or financial planner. This ensures that your wealth management strategy is aligned with your succession planning goals and overall financial objectives.

Why Choose Me for Your Wealth & Succession Planning?

Tailored Solutions

I understand that every client’s needs are unique. My services are customised to fit your specific situation, goals, and family dynamics, ensuring a personalised approach to your wealth and succession planning.

Expertise and Experience

With nearly 20 years of experience in wealth and succession planning, I offer informed and strategic advice to help you achieve your objectives and navigate complex legal issues.

Holistic Approach

I take a holistic view of your wealth and succession planning, addressing both legal and personal aspects to provide a comprehensive strategy that supports your long-term goals.

Client-Centric Service

I’m committed to offering a transparent and client-focused service. I work closely with you to understand your priorities and provide clear, actionable advice tailored to your needs.

Get In Touch

Securing your wealth and planning for the future is a crucial step in achieving peace of mind and ensuring your legacy. Contact me today to discuss how my Wealth & Succession Planning Services can help you achieve your goals and protect your financial future.

To make a free, no obligation enquiry today please call me, Damian Gorman, on 01884 216106 or send a free online enquiry and I’ll call you back as soon as possible.

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FAQs about Wealth & Succession Planning

Wealth and succession planning involves strategies to manage and transfer your assets, ensuring that your wealth is preserved, grown, and passed on according to your wishes. It includes planning for the future of your family business, estate, and financial assets.

Succession planning is crucial for family businesses to ensure a smooth transition of leadership and ownership. It helps avoid disruptions, maintains business continuity, and preserves the legacy of the business while addressing potential family dynamics and conflicts.

Minimising inheritance tax involves strategic planning, such as making use of tax reliefs, gifts, trusts, and other estate planning tools. We provide tailored advice to help reduce your inheritance tax liabilities and maximise the value of your estate.

There are various types of trusts, including family trusts, charitable trusts, and asset protection trusts. The right type of trust depends on your specific needs and goals. We can help you determine the most suitable trust structure for managing and protecting your assets.

It’s advisable to review your wealth and succession plan regularly, especially when significant life events occur, such as marriage, divorce, the birth of children, or changes in financial circumstances. Regular reviews ensure that your plan remains up-to-date and aligned with your goals.

Yes, we can collaborate with your existing wealth manager to ensure that your wealth management strategy aligns with your succession planning goals. If you do not have a wealth manager, we can recommend trusted professionals who can work alongside us.

Family governance involves establishing structures and processes to manage family relationships and decision-making. It helps to address potential conflicts, set clear roles and responsibilities, and support the long-term success of the family business or estate.

The first step is to contact us for a consultation. We will work with you to understand your goals, assess your current situation, and develop a tailored plan that addresses your needs and preferences.

An effective estate plan typically includes a Will, trusts, powers of attorney, and other legal documents that outline your wishes for the distribution of your assets, management of your estate, and decisions about your care. We can help you create a comprehensive plan that covers all essential aspects.

Gorman Legal provides expert advice and services tailored to your wealth and succession planning needs. We offer strategic planning, estate and tax planning, trust creation, family governance, and collaborative support with your wealth manager to ensure your goals are achieved.

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