I’ve been helping Rebecca organise her money following the death of her father, who had also been one of our clients.
These are often sensitive times for families and Rebecca asked us to visit her at home. I suggested it would be a good idea for her son George to be involved in this initial conversation, and one of our financial planners, Mia Kahrimanovic, came along too.
Although the discussion went well, we came away thinking that Rebecca hadn’t had the opportunity to be fully open with us in front of George, and so we arranged a second meeting.
During the discussion, Rebecca revealed that she would like to give away more of her inheritance to her son, however, she was also worried about whether that would leave enough to see her through retirement.
We also explained that it actually made good financial sense because of the potential inheritance tax savings on her own estate. After our conversation, Rebecca asked her solicitor to transfer around £250,000 of her inheritance in cash and shares to George.
We advised Rebecca to organise her remaining money into various financial products: an offshore bond nil-rate band trust, an offshore bond wealth preservation trust, a general investment account and individual savings account (ISA).
After our conversations, she was a lot more confident about her financial position and excited about visiting her son and granddaughter abroad.
Please note the client names in this story have been changed
"I consider myself to be exceptionally lucky as I feel like my job was custom built for my personality. You have to enjoy visiting and chatting to your clients but you also have to enjoy reading, thinking and analysing a great deal."
Giles joined Charles Stanley in 2010, completed the CISI Masters in Wealth Management in 2011 and became a Chartered Fellow of the Institute for Securities & Investment in 2013. Giles is a father of two and enjoys tennis, golf and walking in Scotland.
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