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Estate planning – Leave a legacy

I had been in a highly paid role travelling the world for many years and had always taken control over my own financial affairs. When I retired I made my own investment decisions and invested significant monies myself closely following the market commentary and reading up on the more technical aspects of financial planning.

I began to realise that this was taking up a significant part of my life and this is where Clover Wealth Management came into the picture. I had met with Clover Wealth a few years back and decided to have another meeting with them.

I was keen to make better provision for my children but wasn’t sure of the best way to go about this or whether I could afford to do so.

Meeting with Clover Wealth was a real revelation. They didn’t try to influence me to buy a product and instead listened carefully to my needs and concerns.

Clover Wealth used their cashflow process to help me clarify that I was fortunate enough to be in a position whereby I would be highly unlikely to ever run out of money and therefore I could make provision for estate planning for my two children as I had wanted to do.

They helped me establish suitable Trusts for my two children and yet at the same time retain control over what happened to the fund during my lifetime. I was really pleased that I was able to receive a regular income whilst at the same time make provision for my children’s inheritance. They fully involved my children who were also included as Trustees.

I feel the investment process that is used for the Trust is very cost effective and yet diversifies the Trust assets really well.

This has meant that I have saved a significant amount on death duties immediately and potentially much more in the years to come.

 

Our clients value our discretion. For confidentiality reasons, some of the information in this case study has been changed.