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.
Ruth
We initially made contact with Kevin Birtles with regards to some advise with a pension based in the UK. However after recent parental bereavement and the daunting thought of being over taxed/double taxed/not fully understanding the system and in truth really struggling to juggle everything we really needed help in many different areas. Kevin offered his proffesional advise and was A1A from our very first communication. Being based around 6 hours away from his office we initially had regular Zoom meetings, phone calls and email correspondance. Once we had various things in place Kevin and his very competent assistant Rachel actually made the long journey to visit us in person, in our own home! Very professional but with a lovely personal touch we chatted through all the necessary and after they left we both felt very much at ease and very confident that we had chosen the right people to manage our finances. Both Rachel and Kevin have their clients best interests at heart and make regular contact with us all the while keeping a close eye on our investments. Thank you for your excellent service and we look forward to dealing with you for many years to come. HIGHLY RECOMMENDED!
Hulya Kurt
Geneva - Switzerland (ARIF)
Taylor Condon, made it very easy for me with all the paperwork that needed to be signed and sealed. She is instrumental for all my financial matters. She can explain everything in a simple and understandable way. She did and is accompanying me, like a real partner, genuinely guiding me throughout my financial journey. I trust her and Skybound Wealth 100%.
Prince
Dubai - UAE (IA)
Its been absolute pleasure working with John. He was patient and took time to understand my personal circumstances and to provide guidance on the right investment options for me. For a rookie, this settled my concerns and I look forward to working more closely with Skybound Wealth going forward.
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!
