Receiving a legacy

Receiving a legacy can have a significant impact on your life. Even if you've known for some time that you will be receiving it. You may have mixed feelings, especially if it comes after the loss of a loved one, which can often come with an overwhelming sense of responsibility. If it's unexpected and you're not ready to receive the assets, you might feel unsure how to manage them. Whatever your response, you may feel that a legacy comes with more strings attached than money you've earned yourself.

We live in a culture where often people don't like to talk about death. It's surprising how many people from all backgrounds, including the very wealthy, haven't written a will. According to unbiased.co.uk less than 40% of the British population has a valid will in place. Like every process, probate runs smoother with some planning – encourage even younger family members to get their affairs in order.

 

What to consider when receiving a legacy

 

How we work with you

Bespoke approach
Our advice is tailored to your circumstances. Even though we're highly experienced in dealing with receiving legacies, we understand every situation is unique.

Positive governance
We can provide strategic advice to encourage positive relationships and communication between beneficiaries.

Financial planning
Our financial planners can assess your changing situation and help take the stress out of managing your finances.

Personal lifetime modeling
You can visualise your financial plan through informative graphics, and explore options for changing and influencing it.

Investment management
Our investment managers are experts at finding opportunities appropriate to your changing situation and goals.

Trustee services
We can advise trustees or act as trustees or executors of the estate after death.

Tax management
Our tax managers offer advice on all aspects of tax, including reliefs available, and the calculation and payment of inheritance tax.

Administration
We can take care of setting up and administering your plan.

Holistic approach
If you're receiving a legacy, engaging with a financial planner, investment manager, and a tax adviser could help. At Smith & Williamson our people offer integrated personal wealth management services to help our clients


The value of investments and the income from them can fall as well as rise and you may not receive back the original amount invested.

Investment management

Bespoke investment management

A bespoke portfolio can help ensure you maximise the benefits of an inheritance or protect it for future generations. 

Investment management, tax and financial planning

We can help you take care of your finances, and ensure you make the most of your money today with the support of our wealth management experts.

Nick Richards profile image }
Nick Richards

Partner, London

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