On the last weekend before Spring 2016 many concerned members of the African Caribbean community in London gathered at the Park View School, Tottenham to learn about how they could keep the hard earned money they and their forefathers earned for themselves and their offspring.
Affinity Legacy LLP partner, Sean Freckleton opening presentation. Photo courtesy CaribDirect Multi-Media
The inclement weather was no deterrent to the eager participants who travelled from as far as South London to hear wealth preservation and planning expert Sean Freckleton break down the issues of taxes, pensions, probate, insurance and more for the benefit of a community largely in the dark about how these financial matters can improve the quality of life for both themselves and their children.
Attentive audience at Park View School. Photo courtesy CaribDirect Multi-Media
Sean Freckleton is a partner in the firm Affinity Legacy Planning LLP, a specialist tax efficient inheritance planning company with many years’ experience dealing with inter-generational wealth planning and all forms of Trusts including Property Trusts, Family Trusts, Pension Trusts, Child Trusts, Discretionary Trusts and other legal instruments plus inheritance planning tools and strategies that generally help individuals pass family wealth down their bloodline from generation to generation.
Sean Freckleton emphasizing a point. Photo courtesy CaribDirect Multi-Media
The presentation to a packed auditorium covered all of these topics and more including wills which prompted Sean to emphasize the point that taking out a will does not cause premature death, as many within the African Caribbean community tend to believe. Many participants were pleased to learn that wills are easy and inexpensive to set up and are quite important to ensuring assets and other forms of property are passed down sensibly thereby avoiding the all so familiar unpleasant family squabbles common in the African Caribbean communities.
Affinity Legacy LLP partner, Sean Freckleton providing on the spot consultation. Photo courtesy CaribDirect Multi-Media
One participant was so intrigued by the discussion about wills and probate (the legal process whereby a will is “proved” in a court and accepted as a valid public document that is the true last testament of the deceased) that she asked if probates can be done by the families themselves, to which Sean replied: ‘Probates are generally done by solicitors who understand the process and the complexities involved’.
Sean Freckleton explaining the services of Affinity Legacy LLP. Photo courtesy CaribDirect Multi-Media
At the end of the hour long session which was also attended by Sean’s associates including Antonio Stewart, a highly experienced property specialist, participants learned about:
- How Trusts & Tax efficient inheritance planning can mitigate Inheritance Tax (IHT), prevent dispute and protect wealth against divorce, sideways disinheritance, bankruptcy & long term care fees
- The difference between Executors and Trustees and their respective roles and responsibility
- How Trusts are controlled and governed
- Important allowances and tax thresholds and exemptions set by the Government and why signing your property over to your children (also known as Gifting) can have serious repercussions
- The meaning of probate and it’s perils
- How to reduce the expense and stress of probate and funding a funeral
- The importance of Lasting Power of Attorney (LPA) and the different types of LPA.
Curious member of the audience inquires at Affinity Legacy LLP stand. Photo courtesy CaribDirect Multi-Media
One participant who also regards himself as a happy customer was McGuinne Ryan who recently procured Affinity Legacy LLP’s services. See his video testimonial below: The next in the series of wealth preservation seminars by Affinity Legacy LLP will be announced shortly. These events are supported by CaribDirect Multi-Media. Photos and article by David F. Roberts
