Estate Planning | LR Estate Planning

Poor estate planning can have major financial implications if the right arrangements are not implemented at the right time. LR Estate Planning can guide you through the entire process, options offered, and explain exactly what happens financially after a death. Our advisers ensure that the inheritance and will writing process goes as smoothly as possible, with excellent attention to detail.

We have over 10 years’ experience in this field, dealing with a broad variety of estates and unusual cases. However simple and straightforward or complex and overwhelming you feel your situation is, we will find the best solution for you and your loved ones at the best time.

Writing a robust will and considering all eventualities is just the start of protecting your estate and looking after your beneficiaries. A will can resolve initial obvious issues, but there is often more to tackle, and that is where our expertise can helps resolve any potential problems that could affect your beneficiaries.

Our process

Initial meeting

  • We will take the time to get to know you, your financial challenges and your long-term objectives.
  • We will explain our services, answer any questions and outline our charges so that you are clear about any fees.
  • If you decide to engage our services, we will then complete our client agreement and start gathering all the personal information we need.

Discovery

  • During the discovery stage we will collect all the information we need to carry out a wide-ranging analysis of your current financial situation.
  • This information will be used to identify any shortfalls and immediate priorities for action. It will also help us create your personal cashflow forecast, calculate net wealth and formulate our recommendations.
  • At this stage we will also assess the performance of your existing investment and pension portfolios, ensuring the money you have already set aside is working hard for you. We will also assess the risk profile of your current portfolios to ensure they are aligned with your personal preferences.

Current Estate Plan Review

  • During this stage we will create a cashflow forecast and balance sheet so that you have a clear picture of your current financial position. We will also provide specific recommendations to help you achieve the objectives you’ve identified.
  • We will create a recommended investment portfolio tailored to your objectives and tolerance for risk.
  • We will also complete an assessment of the tax-efficiency of your existing arrangements, with suggestions on how to improve them, using simple planning strategies and available allowances.

Research & recommendations

  • Once our research and recommendations have been finalised, we will meet with you to talk you through your financial plan and cashflow forecast. We will explain how our recommendations have been designed to make your financial objectives a reality.
  • This will also be an opportunity for you to ask any questions. We will ensure you fully understand your plan before we begin implementation.
  • Only when you are 100 percent happy with our recommendations will we proceed to the next stage.

Implementation

  • Leave the rest to us. We make the implementation stage as easy as possible for you by submitting all applications and paperwork to the relevant providers on your behalf. We carefully track the progress of each application and keep you informed throughout.
  • We will check (and double check) that your instructions have been implemented accurately and that all the documentation received and sent is correct.
  • If necessary, we’ll happily collaborate with any professional advisers such as your solicitor/lawyer or accountant.

Ongoing reviews

  • Ensuring that everything stays on track is every bit as important as the initial advice and recommendations we make.
  • We will schedule regular financial planning reviews with you to assess the progress made towards your objectives. If necessary, we’ll make adjustments to reflect any changes in your situation, needs or objectives.
  • The nature and frequency of these reviews will depend on your personal needs and the level of complexity of your individual situation.

Contact us today for expert advice

LR Connections provides expert independent financial advice, accountancy and estate planning services

FAQs

A typical first meeting discussion

Our first meeting involves a discussion at our cost in order to find out your requirements. The meeting will go through your current estate plan to see if you have any provisions currently in place and ensure they are suitable for your needs.

You will be asked to fill out a short questionnaire which allows us to better understand what makes up your estate and who the beneficiaries of your estate will be, and our advice is tailored to this.

What is considered 'valid ID'?

Proof of name Proof of address
Current signed passport Current UK driving licence (but only if not also used for evidence of your name)
Original birth certificate (UK birth certificate issued within 12 months of the date of birth in full form including those issued by UK authorities overseas, such as Embassies, High Commissions and HM Forces) Utility bill (gas, electric, satellite television, landline phone bill) issued within the last three months
Full paper driving licence Local authority council tax bill for the current tax year
EEA member state identity card (which can also be used as evidence of address if it carries this) Bank, building society or Credit Union statement or passbook dated within the last three months
Firearms or shotgun certificate Solicitor’s letter within the last three months confirming recent house purchase or land registry confirmation of address
Residence permit issued by the Home Office to EEA nationals after own country passport has been shown HMRC Self Assessment letters or tax demand dated within the current tax year

Documents we will not accept include, but are not limited to:

  • Provisional driving licence
  • Mobile phone bills
  • Credit card statements

Helpful things to bring to the meeting

Our advisers will be able to give you the best advice if they can see what current plans you have in place. If you have a Last Will and Testament, bring this to the meeting. This isn’t essential but it will help.

Provide two forms of valid ID. If you would like our advisers to carry out work on your behalf then they will need to make a copy of valid ID. Further down the line, we will also need the valid ID of any beneficiaries.