At Wesleyan Financial Services, our experts can provide estate planning advice tailored to dental professionals, including:
- Working out the value of your estate
- Minimising your Inheritance Tax bill
- Setting up trusts
- Passing on the sale proceeds of your practice
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Where do you want your wealth to go?
As a dentist, you’ve spent years building a successful livelihood and securing your financial future. Estate planning makes sure that your assets – whether it’s your practice, property, savings or investments – are passed on according to your wishes.
Without a clear plan in place, your loved ones could face unnecessary stress and a significant Inheritance Tax bill. Offering guidance specifically tailored to dental professionals, our Specialist Financial Advisers can help you protect your legacy and look after those who matter most.
Please note the Financial Conduct Authority (FCA) does not regulate Inheritance Tax planning and trusts.
Tax treatment depends on your individual circumstances and may be subject to change in future.
Minimise your Inheritance Tax liability with estate planning
Inheritance Tax can take a huge chunk out of the value of your estate. Anything above the threshold (or Nil Rate Band) of £325,000 (or £650,000 for married couples) could be taxed at 40%.
There are ways to help minimise Inheritance Tax. These could include:
- Making gifts to family and friends before you die
- Setting up a trust fund for those you want to benefit from your estate
- Putting your life policies into a trust so they’re not included as part of your overall estate
A Specialist Financial Adviser from Wesleyan Financial Services can advise you. If you’d like to learn more before getting advice, you can read our guide to Inheritance Tax.
Why choose us for estate planning advice?
Financial advice tailored to the dental profession
When you meet with a Specialist Financial Adviser, you can expect personalised advice from someone who understands the nuances of the dental profession.
They can provide guidance on a range of complex financial matters, including estate planning. They’re here to answer any queries you have around managing your estate – from making the most of your investments to planning for retirement.
If your case is particularly complex, they may refer you to a Specialist Financial Planner.
Helping plan your financial future today
Through a full review of your finances, we help you assess how you can start reducing your Inheritance Tax liability now, while ensuring you have enough funds to live comfortably on in later life.
With estate planning, it’s always important to consider your future expenses, like the potential cost of care as you get older. If you tie all your money up in trust funds or give it all away as gifts to avoid Inheritance Tax, you could leave yourself short of the funds you need in retirement.
It’s a tricky balance, but one we can help you achieve.
Passing on the proceeds from the sale of your practice
If you own a dental practice, have you thought about what will happen to it when you die?
At Wesleyan Financial Services, we can help you maximise the financial benefits of selling your dental business. Your adviser can also guide you through potential exit strategies and explore tax-efficient ways to pass on your share of the practice, helping to reduce the impact of IHT on your estate.
Looking for broader financial advice tailored to your dental business? See how our experts can help you navigate the complexities of practice ownership and make the most of your limited company status.
When you meet with a Specialist Financial Adviser, you can expect personalised advice from someone who understands the nuances of the dental profession.
They can provide guidance on a range of complex financial matters, including estate planning. They’re here to answer any queries you have around managing your estate – from making the most of your investments to planning for retirement.
If your case is particularly complex, they may refer you to a Specialist Financial Planner.
Through a full review of your finances, we help you assess how you can start reducing your Inheritance Tax liability now, while ensuring you have enough funds to live comfortably on in later life.
With estate planning, it’s always important to consider your future expenses, like the potential cost of care as you get older. If you tie all your money up in trust funds or give it all away as gifts to avoid Inheritance Tax, you could leave yourself short of the funds you need in retirement.
It’s a tricky balance, but one we can help you achieve.
If you own a dental practice, have you thought about what will happen to it when you die?
At Wesleyan Financial Services, we can help you maximise the financial benefits of selling your dental business. Your adviser can also guide you through potential exit strategies and explore tax-efficient ways to pass on your share of the practice, helping to reduce the impact of IHT on your estate.
Looking for broader financial advice tailored to your dental business? See how our experts can help you navigate the complexities of practice ownership and make the most of your limited company status.
What our customers say...
96% of dentists agree their Specialist Financial Adviser demonstrates knowledge of their profession
94% of dentists rate their Specialist Financial Adviser as very good or excellent
94% of customers agree that Wesleyan Financial Services makes them feel valued as a customer
Supporting even the most complex cases
While your Specialist Financial Adviser is on hand to provide regular check-ups to keep your finances in good health, there may be times when you need additional support.
That’s where our Specialist Financial Planners come in. They’ll take on any particularly complex estate planning cases, offering advice tailored to your specific circumstances.
If your adviser thinks you need secondary support, they’ll refer you for one-off advice. You can also find out more about our dental planners and request to speak to one directly using the link below.
Frequently asked questions about appointments
Your adviser will explain any charges as part of an initial conversation. This conversation is at no charge, and allows you to agree the areas in which you would like our help and advice.
You will only be charged once you have agreed the services you wish to receive from us, and the associated costs.
To make the most of your time with your Specialist Financial Adviser, it can be handy to gather any information or documents relating to your finances. This can help to give your Specialist Financial Adviser an understanding of your assets and liabilities.
You may also be asked to complete a Financial Outline. This enables your Adviser to tailor your appointment to you, your circumstances and your future goals. If you don't complete it beforehand, you’ll need to do so as part of your appointment.
An initial meeting with a Specialist Financial Adviser will typically last around one hour, though it does depend on the complexity of your circumstances. Often the Specialist Financial Adviser may arrange a second meeting with you to present any recommendations.
Wesleyan Financial Services works with…
Practice Plan and DPAS are introducer appointed representatives of Wesleyan Financial Services Limited.
Still have questions about estate planning and IHT?
To learn more about planning your estate or how Inheritance Tax works, check out our comprehensive guides below.
How to plan your estate
How does inheritance tax work?
Learn all about inheritance tax (IHT) with our comprehensive guide, including what it is, how it's calculated and how you could potentially reduce your liability.