We are delighted to announce our new partnership with Strathmore Wills & Estate Planning!

By way of introduction, we spoke to our new partners, Ravi and Kamal, to hear first-hand about their company and what the new partnership means for them, their business, and most importantly, their clients…

Tell us about your company, what services do Strathmore Wills & Estate Planning offer?

Our mission is to help families protect their hard-earned wealth, ensure it passes to the right people and ultimately give them peace of mind that their legacy and final wishes will be fulfilled. We specialise in all areas of Estate Planning including Wills, Trusts, Lasting Powers of Attorney, Inheritance Tax Planning, Business Succession Planning, Funeral Planning and Probate.

We have more than 15 years’ experience and work with clients across London and Essex.

Why have you begun working with Personal Retirement Planning?

The partnership made perfect sense. Both companies specialise in later life and financial planning services and our service offerings complement each other very well. Lifetime mortgages and Equity Release go hand in hand with the services that we already offer, particularly Inheritance Tax Planning and Will Writing.

Geographically, we serve clients across the same areas – London and Essex.

What’s more, we have shared values and our company ethos is very similar. We both put clients at the forefront of everything we do, we carefully manage and maximize wealth, and we seek to build ongoing and long-term client relationships.

What are the benefits of this new partnership for Strathmore?

We are delighted to enhance our service offering to both new and existing clients. We will now be able to help clients who wish to release equity and make the most of their property wealth. Some people release equity to support their children financially and help them get onto the property ladder. Although, there are so many reasons why people unlock the cash tied up in their home and now we can help make those visions a reality.

At Strathmore we proactively seek to raise awareness about the importance of making a will, estate planning and later life financial planning. For example, it is vital to have a will in place yet less than half of UK adults have one. Through our new partnership, we will continue to raise this awareness and help families get peace of mind. 

Have estate planning services changed over the years? If so, how?

Yes, property is playing an increasingly important role in later life financial planning and estate planning. More and more people are realizing that most of their wealth is tied up in their home and that they can tap into it for a variety of reasons including to supplement their retirement income.

This trend has accelerated over the last few years and shows no sign of slowing down. We have added lifetime mortgages to our suite of services at just the right time as demand will continue to grow in the coming years.

What’s more, there is growing demand for Inheritance Tax Planning services due to increased awareness of inheritance tax, rising property prices and the impact of the pandemic.

Inheritance tax receipts have increased significantly for the past 10 years from around £2.7 billion in 2010/11 to more than £5 billion in 2019/20. It is vital that we help our clients to preserve their wealth and pass more onto their loved ones. Through careful estate planning we can save our clients thousands of pounds that would otherwise go to the tax man unnecessarily.

New Chapter

We at Personal Retirement Planning are really pleased to begin working with Strathmore. They have a fantastic reputation for delivering a first-class client service. The partnership enables us to expand and enhance our service offering to include Estate Planning. We often have conversations with clients about inheritance tax and how equity release can help them to reduce their inheritance tax bill. Now we can go beyond an initial conversation and provide them with a full Inheritance Tax Planning service, and so much more with the help, knowledge, and expertise of Strathmore.

To learn more about Strathmore Wills & Estate Planning please visit https://www.strathmorewills.co.uk/

If you have any questions, or you would like to work with Personal Retirement Planning, please call Barry Leigh on 07980 210953.

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