Wills and Powers of Attorney
Ensuring your affairs are in order is one of the most important aspects of financial planning. By putting in place some simple arrangements you can make clear your wishes, which can alleviate and offer reassurance to loved ones faced with making difficult decisions on your behalf.
Making a Will is vital in Inheritance Tax (IHT) planning and it is important to ensure it is well written and planned correctly. A carefully drafted Will can help your heirs plan for IHT appropriately by making the most of the tax reliefs available and ensuring your assets go where you want them.
Remember, a Will drawn up many years ago may not still hold good today, so it’s important to take a regular review of its provisions, and relevance to your changing circumstances.
Power of Attorney
For some of us, there will come a time when we are not physically or mentally able to make decisions for ourselves. It’s important to plan in advance so someone you know and trust can manage your affairs for you, if the need arises.
We have access to a number of legal service providers which can arrange Wills & Powers of Attorney on your behalf as part of the service and advice we provide when it comes to protecting you and your estate.
The levels and bases of taxation, and reliefs from taxation, can change at any time. The value of any tax relief depends on individual circumstances.
The writing of a Will or Powers of Attorney involves the referral to a service that is separate and distinct from those offered by St. James's Place. Wills and Powers of Attorney are not regulated by the Financial Conduct Authority.
Protection Planning
Protection answers our fundamental desire to keep safe things that we hold dear.
Choosing which specific types of insurance should be a priority for you can be a tricky task.
Which of the following insurance covers would be top of your priority list?
- Stolen car
- Burglary
- Major illness, e.g. heart attack
- Stolen credit cards
- Fire at home
- Your family surviving without your income
Most people feel that all of the above insurance covers are important to them.
But how many of them do you currently have?
Providing protection cover in the various forms of life, critical illness and disability solutions is one of the fundamentals of our business.
Working with carefully selected providers, we offer an extensive product range including:
- Life Cover (including Term Assurance and Whole of Life)
- Critical Illness
- Income Protection
- Employee Benefits
- Private Medical Insurance
These are just a selection of the solutions available.
We would love to sit down with you and discuss your own personal circumstances, before tailoring a solution specifically for your needs.
Professional Trustee Services
A Trust is an agreement between an owner of assets and the trustees. The trustees legally own the assets of the Trust but are not allowed to benefit themselves - unless they are also beneficiaries.
The Trust is a legal entity that holds your assets before they are eventually released to those you designated to receive them. Its main value is in its ability to keep your estate out of probate after your death.
In recognition of the vital role trusts play in modern financial planning, the Genus Trust Company in Jersey specialises in the provision of trustee services. Jersey enjoys complete autonomy in its internal affairs, including taxation and other legal issues, and has a strong financial infrastructure, befitting its position as a leading centre for international finance.
The Genus Trust Company has been established to forge lasting relationships with clients, providing services and an extensive range of solutions as opposed to selling products. As a trustee the company represents the interests of the beneficiaries and ensures due regard is given to clients' wishes and guidance. In all cases these wishes are discussed in detail and placed on record, discreetly and confidentially.
Trusts are not regulated by the Financial Conduct Authority. However, please be aware that Genus Trust Company Limited is regulated by the Jersey Financial Services Commission.
