Cranborne Wealth Management

Astute financial planning is about accounting for any eventuality, however unlikely. Cranborne Wealth Management's range of Life Assurance services in Dorset brings you peace of mind at an affordable cost.

Life Assurance in Dorset

Trusts

A discretionary trust is one form of family trust and can secure valuable capital for your family's future, providing a flexible and tax-efficient means of safeguarding their standard of living.

Discretionary trusts allow trustees to distribute the trust's assets and income as they choose, though inheritance tax charges are payable at the outset, at ten-year intervals, and as assets leave the trust. Cranborne Wealth Management has many years of experience advising people about Trusts and Life Assurance in Dorset and will take you through the process and explain the all the implications, from inheritance tax to capital gains tax on chargeable assets.

An accumulation and maintenance trust is another type of family trust and may be an option, providing all beneficiaries share a common grandparent. This trust pays out on or before the beneficiary's 25th birthday and carries none of the inheritance tax disadvantages of a regular discretionary trust.

Such family trusts could help provide valuable income for future generations.

The Financial Services Authority does not regulate taxation and tax advice.

Dorset Life Assurance

Life assurance can provide a crucial income for your family if the worst happens. Premiums vary depending on age, health, habits and other factors, but your Cranborne Wealth Management advisor will calculate how much life assurance you need and advise what you can afford. Finding life assurance in Dorset has never been so easy thanks to Cranborne Wealth Management's patient, understandable approach.

Types of Life Assurance

You might need an assured sum to cover your debts and liabilities, plus a reasonable sum to replace lost income to ensure your family's quality of life doesn't suffer. For most people, the term of life assurance should at least cover the term of any borrowing and also children up until an age where they will be self-financing.

Personal and company pension plans sometimes include life assurance cover, so check your policy. Your Cranborne Wealth Management advisor can determine if existing provisions match your current needs and what further steps might be necessary to fill the gaps in your arrangements.

If your family will need an ongoing income in the event of premature death, Family Income Benefit provides a regular income for the period covered. Taxation on FIBs is extremely favourable because the income is classed as capital, meaning there is no income tax to pay.

Speak to Cranborne Wealth Management about their Dorset based life assurance services and turn your concerns into peace of mind.