How we can help with
Lifestyle Protection
At its most basic level, it’s about protecting your and possibly your family’s lifestyle against threats such as loss of income due to an accident, critical illness, or death. However, your circumstances may be complicated by virtue of your business model, property portfolio growth plans and even your international mobility which exposes you to different forms of taxation that needs to also be managed carefully.
If you become incapacitated in any way, your lifestyle is going to be affected. This could have dire consequences on your family. A financial cushion can help you focus on your recovery. Similarly, if you died prematurely, that is before you’ve built sufficient wealth for your family to be self-sufficient, you can probably imagine the impact on your family better than we can. Lifestyle protection offers your family dignity and a degree of security in an unbelievably vulnerable time.
In addition to the above, the strategic use of Whole of Life (WoL) insurance policies may be required to manage a future inheritance tax (IHT) bill which will provide you with the flexibility to implement your business model until you’re ready to undertake restructuring and/or strategic gifting to reduce your exposure.
As part of our commitment to you we review your personal circumstances closely, and we look at your life plan exploring your ambitions with your business/career, family, property, retirement goals and anything else over the short term, medium and long term.
Once we’ve completed our due diligence, we’ll advise you to put in place lifestyle protection plans that are tailored to you.
Having said the above, we’d hope you’ve come to us with some planning already in place, as the later you leave putting in place such plans, the more expensive and prohibitive it could be for you. And of course, if you don’t have appropriate plans in place, it could mean the following and much more:
changing the lifestyle of those dependent on you, impacting education and well-being.
increase in stress that could affect recovery.
the sale of properties to repay mortgages, triggering Capital Gains Tax (CGT) along with the loss of income.
For an initial consultation, book an initial consultation below.
Events
Do you fit our client profile?
Would you say 'yes' to one of the following?
Salary
120k
Do you earn more than £120,000 per annum?
Portfolio
5
Do you have a property portfolio of 5 or more properties? Or are you an ambitious property entrepreneur?
Asset
2.5m
Do you have assets of at least £2.5M, or are projected to have so at death?
Property
Business
Do you have a business that is likely to still be trading on death?
Success Stories
See more reviews on TrustPilot
ADL has been a delight to work with. Extremely knowledgeable about the subject of IHT, but also how this technically fits into the bigger picture and wider wealth planning.
- Rob, Independent Financial Adviser