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.
Jill V
Novartis
I have known Peter for approximately 7 years. He is very supportive and understanding of my quite complex situation (working in Switzerland, living in France, returning to UK on retirement). I appreciate his knowledge and ability to explain in lay persons terms all the options available to me, and his oodles of patience when asked to repeat on multiple occasions. Retiring is a huge financial transition and Peter has provided good guidance on how to invest my pensions and savings, which has given me confidence that my chosen financial strategy will provide for my needs into the future.
Alana
I am thrilled to share my experience with Nathan. As someone who was previously averse and weary about investments, I couldn’t have asked for a better guide on this journey. Nathan has been instrumental in helping me grow my property and investment portfolio, all while keeping my best interests at heart. What I appreciate most about Nathan is his consistent focus on the end game, retirement. He has laid out a clear, strategic plan that has instilled confidence in me for the future. With Nathan by my side, I feel assured that we are on the right path to achieving my retirement goals. I wholeheartedly recommend Nathan to anyone looking for expert and dedicated financial guidance!
Mercy
Working with Nathan Mpofu has been a seamless and rewarding experience. Our journey began in 2022 when he provided full support in securing an offshore bank account in a tax-efficient jurisdiction, an important step in safeguarding hard-earned savings and meeting long-term financial goals. Since then, we’ve developed a comprehensive financial plan with strategic investments across the property and securities markets. Nathan has a remarkable ability to simplify complex financial matters while delivering tailored, thoughtful advice. It has truly been a pleasure working with him. His professionalism, insight and unwavering commitment to client success consistently stand out. With clarity, care and integrity, he makes even the most intricate decisions accessible and manageable. Nathan approaches every interaction with patience and purpose, taking time to understand not just the numbers but the person behind them. He brings a rare blend of technical skill and human touch that sets him apart in this field. I’ve always felt confident in the decisions we’ve made together, and I have every confidence that anyone fortunate enough to work with Nathan will feel equally supported and empowered.
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!
