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Jamie Kyte, Chartered Financial Planner
You're going to be dealing with someone who's been doing this day in, day out...
Transcript
My name is Jamie. I’m a Chartered Financial Planner and founder of Kyte Financial Planning, and I’ve been working with Peter for five years.
For a client that is looking to use Deep Dive Estate Planning, I would say you’re going to be dealing with someone that has been doing this day in, day out for the last four and a half years.
If I were a trustee in a discretionary trust, I’d be looking for an adviser who’s got a good grasp of knowledge when it comes to taxation of trusts, how investments work in trust, and then also how it works with regards to taking money out of trusts because it’s all interlinked, and if someone doesn’t understand how all of that works, they could be missing a trick.
When a client’s looking to take advice with regards to estate planning, the most important thing for them to consider is working with someone who understands the whole breadth of advice that can be contained within estate planning.
That can start with making sure that lasting powers of attorney are in place. It can then move on to making sure that you have a will in place with a trust framework that protects things for the next generation. It can then progress to working out how we’re going to reduce inheritance tax over time, how are we going to help our children during our lifetime? Then as life progresses, it may be that you have somebody helping you with probate so that when a loved one passes away, someone’s there by your side to hold your hand and be with you and help you do the stuff that normally people don’t want to do.
So, for me, that’s what someone should be looking for when it comes to working with someone on estate planning.