Inheritance Advice

prt20

Hi, 

We are looking for a professional to have a discussion with in order to properly plan our estate inheritance plan for our children. 

We are finding it very difficult to find an independent financial advisor. Researching online takes us to sites such as unbiased and vouched for. Else there are review sites in which we don't know whether the reviews are trust worthy. Its all rather difficult. 

What would be the best way about getting in touch with a good advisor. Any tips would be greatly appreciated ( sorry if this was already posted, i did a search beforehand ) 

Thanks

Brie

if you have a provisional person to talk to why not post some queries here first so we can help you clarify what it is you want to ask so you don't waste your time asking simple questions.  

Marcon

[Deleted User] said:

Try someone who is a member of STEP: https://www.step.org/directory/members

I'd second that - they have a range of advisers, not just IFAs, who are specialists in the areas you need.

artyboy

I'm in a similar boat, at some point soon, possibly after the next budget, Mrs Arty and I really need some proper guidance on estate planning. Whatever people's view on generational wealth, we will likely have some to pass on, the first generation of our respective families to do so.

Costco keep plugging discounts for an IFA called Assured Private Wealth - they seem big on that side of their business. Generally I subscribe to a view on here that any firm with "Wealth" in the name is likely to be expensive, but there's another part of me that thinks Costco types don't part with cash all that easily. Maybe that's too much of a generalisation! 

Anyway, might have a chat with them soon, assuming no bad experiences here to report...

Albermarle

Depending on where you live, you might well find a small IFA firm in your local high st, or parade of shops, and even more likely a solicitors office as well. 
Probably cheaper to use than a nationally marketed service.
AFAIK most IFA's and solicitors will be OK for estate planning advice, as long as you are not in the multi Millions bracket. 

Sarahspangles

I used the STEP search as we need to update our wills, only to find that our existing solicitor that we’ve used for conveyancing and minor executor stuff is STEP, which makes it easier. If we did feel we needed an IFA I think I’d ask her if she knows someone. We seem to have stumbled on a little outpost of the 1950s where you actually have a solicitor in your address book.