Considering what will happen to your assets and liabilities after you're gone can be challenging, but our advisers are here to help you run through this process with confidence and peace of mind.
Estate planning is essential for protecting your wealth and assets. At Skybound Wealth, we combine years of experience with expert knowledge to ensure that your assets are safeguarded across multiple jurisdictions.
By structuring your wealth in a tax-efficient way, you can be confident that your earnings are protected and made good use of when you’re no longer here. Our professional team is equipped to help you understand trust planning and wills, so you can sit back, relax and concentrate on living your life.
Do you need reliable trust planning services? Talk to our team today.
Living as an expat can bring new opportunities, but it also adds layers of complications when planning your estate, wills and trusts. Your assets may be distributed across multiple countries, with jurisdictional differences and varying legalities.
If your permanent home is abroad, inheritance tax is only applied to your UK assets. Therefore, it’s important to understand the tax liabilities you’re subject to, so that you can avoid double taxation.
Probate issues may arise if you were to pass away while living abroad. To ensure that your assets are distributed according to your wishes, it’s vital to engage in thorough estate planning, including wills and trusts. Protecting your family involves considering the legal rights and responsibilities in your host country, such as guardianship laws, and ensuring that you have appropriate legal documents in place to safeguard their interests.
Are you ready to start estate planning? Contact our team today to find out more.
You can reach us directly by calling us between the hours of 8:30am and 5pm at each of our respective offices and we will immediately assist you.
Whilst setting up a trust can incur legal costs initially, these costs often allow a person (Trustee) to protect their wealth from the tax man when they pass away, meaning they can pass more of their money on to family and loved ones.
The recipient of a trust as nominated by the trustee is known as the beneficiary. This could be, amongst others; your spouse, a family member or an entity such as a charity.
Trust planning can be a rather complex matter, but at Skybound Wealth, our experienced advisers will support you, making the process as easy to understand and as hassle-free as possible.
Drafting up a will is an essential part of any financial plan, but even more essential if you’re an expat, or you have assets in more than one country. It’s important to make sure you have a will written up that will cover these different bases. Here’s why…
You may have a will which was written in your home country, but it may not necessarily be valid in your current country of residence. In countries where Sharia Law is applied, such as the UAE, the absence of a will may mean your wealth is passed on in line with Sharia Law rather than your personal wishes.
This could result in a long and lengthy period of time when your loved ones are left without access to your wealth, and in some instances, bank accounts can be frozen for months. All of this can be prevented by making sure you have a will set up in the right jurisdiction, and we can help you do just that.
Becca Ssamba
Dubai - UAE (IA)
Simon is well versed with my policy and was able to give me concrete advice looking at where I want to be versus where I am. I was also able to understand the successes of my policy and how the current market situation has impacted those, in ways that even I could understand.
Julie
Geneva - Switzerland (ARIF)
As a family living and working abroad but planning to retire back in the UK, we have been dealing with Skybound Wealth Management to ensure we can finance our retirement effectively. Still early days with regards to our investments and pensions but we believe we have received good and sensible advice from our Financial Planner, Taylor Condon and we are looking forward to seeing all our plans come to fruition. Throughout the process, Taylor has been very supportive and professional and made sure we understand what’s involved every step of the way. Here’s to hoping it looks this good in 10 - 15 years time!
Ashleigh Jay Thomas
My experience with Mark Whibley nothing short of excellent! I have absolutely no experience with investing and finance, it all terrifies me, however Mark explained everything in such a way that was easily grasped and felt 100% confident in each decision that I made. Mark truly cares for each client he works with, as he took time out to really get to know me, as a person. His dedication and follow up was impressive, never a minute late. I really appreciate the fact that this is a continuous relationship, as even after all documents have been signed he stays in contact with updates. This really puts my mind at ease knowing he is constantly keeping an eye on things for me. Phone calls are always uplifting and leave me feeling confident with my choice, which is odd keeping in mind we talking finances. I would recommend Mark in a heart beat, I don't think you could find a better person to place your money, and more importantly TRUST in. A huge thank you!
We combine our expertise with our unparalleled level of service to ensure you receive the financial support you need. Specialising in an extensive range of sectors, from concise repatriation plans to bespoke pension reviews, we empower our people to excel as we work together to stay at the forefront of international financial planning and lead its evolution.
With extensive knowledge and expertise honed over more than two decades in the financial industry, our team is exceptionally well-equipped to handle even the most complex financial matters.
Do you need more information about our financial services? Feel free to browse through the latest news and advice for our expats including blogs, articles and more!
