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.
Keith O Leary
Electrical Supervisor at Fluor Group
Jake is a very welcoming, honest & trustworthy professional who works with integrity to provide his clients with sound financial advice and guidance. Jake’s up to date expertise in the financial sector creates a trust that is rare to find. I would highly recommend Jake and his services and look forward to many more years working together.
James Bruce
Country Manager at ASCO Group
I had the pleasure of working with Jake recently and received exceptional financial advice. His expertise in financial planning and investment strategies is impressive. He provided clear, actionable advice that helped me reach the correct financial decisions for my long-term future. Jake is not only knowledgeable but also a great communicator who fully understood my financial goals. I highly recommend him to anyone seeking professional financial guidance.
Thomas Orenz
Growth Architect
I am delighted to recommend Callum as an outstanding financial advisor. His professionalism and expertise have consistently impressed me, ensuring my financial planning is in the best possible hands. From our first consultation, Callum has shown an exceptional ability to address all my financial topics comprehensively, whether for current needs or future planning. His approach is both thoughtful and pressure-free, allowing me to make informed decisions at my own pace. One of Callum’s standout qualities is his meticulous attention to detail. He takes the time to explain every aspect of a strategy or investment, ensuring I have a complete understanding of the implications and benefits. His feedback culture is remarkable - questions are typically answered within the same day, providing both clarity and confidence in his recommendations. Callum's global perspective has been invaluable in identifying opportunities and gaps for smart investments worldwide. His proactive approach to uncovering innovative strategies and maximizing returns demonstrates his dedication to my financial success. I am grateful for the trust and transparency Callum brings to every interaction. I wholeheartedly recommend him to anyone seeking a knowledgeable, responsive, and client-focused financial advisor.
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!
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