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Introducing a unique partnership that will grow your business.
This is your opportunity to create income streams that add real value to your business whilst enhancing
existing client relationships.
Consider the following...
Increase your earnings from your current client
bank by introducing a new service.
Add to your existing client base with referrals from
this new service.
A partnership with us keeps you in contact
with your clients through each stage of their life.
An established reputation
Countrywide Tax & Trust Corporation is an established group
of companies whose range of products and services are
second to none. Many of the services offered are completely
unique to Countrywide with strategies which are tailor made
to suit the needs of the client and ensure that they benefit
from an holistic approach to their estate planning needs.
The Directors and founders of Countrywide Group,
Bob Massey and Clive Ponder, have been in business
individually for many years, providing their clients with
estate planning solutions. In 2002 they decided to combine
their expertise in this field and the Countrywide Group
of companies was established.
Countrywide Tax & Trust Corporation specialise in asset
protection strategies and unlike most Will Writing companies,
it’s Directors and Principals are members of S.T.E.P.
(The Society of Trust and Estate Practitioners).
Since 2002, Countrywide has continued to grow and has
become an extremely successful company nationally, working
mainly with Accountants and other professional advisors.
As the news of our success spreads the business continues to
grow and the demand for our products and services increases.
With so few people having even a basic Will in place let
alone the correct Will and estate planning, the demand for
our services is vast.
Your clients care very much about the wealth they have
amassed over the years and want to ensure that it is
passed onto their loved ones and protected for generations
to come.
Countrywide have a range of products and services
which are designed to do just that!
A unique partnership
Most Accountants, and other professional bodies work
extremely hard providing their clients with the means to
build up their wealth only to fall short at being able to
provide the correct strategies to protect these same hard
earned assets against attack from care costs, further taxation,
future divorce or separation and creditors / bankruptcy.
Working alongside Countrywide, you will be able to provide
your clients with unique estate planning strategies which
ensure that their hard earned assets are protected for
future generations, setting you head and shoulders above
your competitors.
Countrywide do not just offer death planning strategies,
but also planning throughout the client’s lifetime.
Areas of expertise include personal planning,
Business Succession strategies, and Agricultural Planning.
Our estate planning solutions are tailor made to suit every
set of personal circumstances and every pocket.
Countrywide’s expertise in strategic lifetime planning
will enable you to realise the full potential within your
existing client base.
Some basic facts
Everyone should have a Will
2 out of 3 people have not yet made a Will and those that have may not have the correct Will in place.
Approximately 70,000 people per year lose their home to pay for Long Term Care.
A large proportion of any inheritance is lost in future divorce settlements, to creditors or bankruptcy and unnecessary taxation.
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Why allow this constant stream of income to be lost to high street Solicitors?
Many clients believe that Solicitors are the confirmed experts
in Will writing, and so choose to use them to have their own
Wills drafted. However, this is not always the case and it is a
frightening fact that, 95 out of every 100 Wills examined,
do not do the job the clients want it to do!
Too many Wills do not deal with actually “protecting” the client’s
assets. We at Countrywide believe this to be of paramount
importance to the client.
Countrywide provide clients with a Free review of their existing
Will and we have never seen a Will yet, which could not have
been improved upon.
Our range of products and services are second to none and our
Trusts all have Q.C’s opinion, yet we ensure that our prices are
extremely competitive, providing real value for money and a new
source of income for you.
Couple come together – buy a house and perhaps marry
/ enter a civil partnership. They would now need new
Wills to replace any existing Wills as these would have
been revoked on marriage / civil partnership. The new
Wills should protect their home and assets from attack
from creditors, bankruptcy and subsequent remarriage
of the survivor.
Children are born - now need to consider making
provision for the children – Guardians will need
appointing and assets such as Life Assurance
policies / Pension Death in Service Benefits /
house and savings need protection with Trusts.
This ensures children benefit from 100% of
their inheritance and cannot be included in any
future divorce settlements or lost to creditors /
bankruptcy.
Remarriage - On marriage all previous Wills
are automatically revoked. Again the client’s
situation needs to be reviewed. There may
be step children at this point and each party
will want to ensure that their own bloodline’s
inheritance is protected. Care planning should
be considered at this point to protect both
property and savings from care costs.
Powers of Attorney need to be established.
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Possible divorce - In the event
of the parents’ divorcing their
Wills remain valid. New estate
planning needs to be devised to
ensure each individual’s assets
benefit the children solely.
Loss of a loved one – whether it be partner
or relative. Probate needs to be dealt
with and the beneficiaries will require
advice on how to ensure they can receive
their full inheritance and ensure that it is
protected against attack from care costs
and protected against claims from future
generation’s divorce settlements, creditors
/ bankruptcy and further taxation.
Countrywide’s expertise in cradle to cradle strategies
ensures the protection of assets throughout generations.
Client protection - your client, always.
We guarantee that the client remains your client ALWAYS and we will never
breach this agreement.
Further opportunities for you
There are many other opportunities available to you by
using our products and services. Probate is a much needed
service which we can provide to your clients. We charge a
Fixed Fee of 1.5%, offering a great saving over Banks and
Solicitors who typically charge between 3 and 5%.
Investment opportunities often arise from Probate cases and
Deeds of Variation, providing further income in addition to
what you will receive for introducing the Probate client to
Countrywide. The beneficiaries may also require new estate
planning to protect their inheritance.
One way of ensuring that your clients benefit from our
competitive and valuable Probate Service is to have
Countrywide appointed as the client’s Executor.
Appointing Countrywide as Professional Trustees will also
ensure that monies entering the Trusts after death are dealt
with as tax efficiently as possible and can also lead to further
investment opportunities.
Having the clients documents placed into storage with
Countrywide ensures that we and most importantly, you, are
always advised of any changes in the client’s circumstances
and provides you with an additional stream of renewal
income each year.
Which route is right for you?
How you can receive an extra income from Will and
Trust sales.
Option AAppoint one of our qualified
Estate Planning Consultants
to service your client bank
and benefit from a new
source of income.
We can train a an existing
member of your team,
(or help you to recruit a new one),
to become an Estate Planning Consultant,
so that your Company can benefit
from both a new income stream
and new clients gained
from this market.
“Opportunities” TrainingWe can train your staff to
recognise these when talking to clients
“ Our partnership with Countrywide has enabled us to extend theservice offered to our clients and has not only increased the income received into the practice, but raised our client’s perception of the level of professionalism provided to them by Thorne Widgery and ultimately has led to client retention ”
Andrew Edwards ACIB – Thorne Widgery Chartered Accountants.Hereford.
Option B
The possibilities are endless
Cross Option Agreements
This is essential business succession advice for your clients and
unlike most standard cross option agreements the planning
is extended to ensure that the life assurance benefits do not
enter either the surviving business partner’s estate or estate of
the surviving spouse / beneficiary of the deceased partner by
using Shareholders Trusts.
Business / Agricultural Trusts
Trusts are established to receive business or agricultural
assets which have Business Property Relief or Agricultural
Property Relief. Multiple Trusts would be set up to ensure
that on the sale of a business or farm, periodic and exit
charges are minimised.
Probate
Countrywide Tax & Trust Corporation Ltd has a dedicated
Probate Department which guides and assists with the
clients’ probate needs, as much as required. Offering a very
competitive price (fixed Fee) in comparison to High Street
solicitors and Banks.
Deed of Variation
Deeds of Variation are still a much valued tool in estate
planning. The advantages gained in reducing generation IHT,
protecting assets from care and protecting the deceased’s assets
from being attacked by the divorce of any of the beneficiaries,
should not be overlooked when giving advice, where the
deceased’s will did not originally provide this protection.
Family Trusts
The Family Trust is a Discretionary Trust established outside of
the Will. Having the Family Trust outside of the will allows for
multiple discretionary trusts to be settled by the Will but dated
on different dates to take advantage of Rysaffe conditions.
Interest in Possession
The interest in possession trust is used to receive the excess
or residue of the will. Generally only used for married
couples. Countrywide’s Interest In Possession (IIP) trust is
able to act as an actual IIP trust as it settled by a will and
thus falls in to the IPDI in IHT Act 1984.
The assets placed into the IIP trust are still in the survivors
estate for the calculation of IHT on the death of the surviving
spouse, but not attackable by care costs for the survivor or
remarriage of the survivor.
Gift Trusts / Reciprocal Gifting
Trusts can be used to protect gifts for the client’s bloodline.
We can also consider reciprocal gifts between husband and
wife (civil partners) so that two Nil Rate bands can be gifted.
Absolute Trusts
Used to assist with Capital Gains Tax mitigation with property
notably in parents / children’s ownership but not resided
in by the owner and so unable to use Principle Private
Residence Relief.
Multiple Trusts
Tailor made planning can be administered by the use of
multiple trusts. In order to plan against and avoid future
periodic charges (Rysaffe) Pilot trusts must be established
on different dates.
Estate Planning Reports
We are able to provide your clients with tailor made Estate Planning
Reports considering onshore and offshore planning strategies.
Conveyancing
Using our own in house Solicitor for any conveyancing work
required ensures continuity with the client and the smooth
running of any estate planning or Probate cases.
Deed of Severance
Used to establish property as Tenants in Common from being
held as Jointly Owned. This includes the registration at the
appropriate Land Registry
Professional Trustees
By appointing Countrywide as a Trustee we ensure that the
beneficiaries of the trust benefit from the best tax and estate
planning advice to protect their inheritance and any investment
advice will be provided to the clients by you, if qualified to
do so, or by a financial advisor and you will be remunerated
from the commission.
Executor
Appointing Countrywide as Executor will ensure that we
undertake the probate for the deceased’s estate (at a highly
competitive fixed fee of 1.5%) which again you will be
remunerated for and which ensures the correct type of
planning is put into place for the beneficiaries as well as
providing further opportunities for investment advice.
The list of products and services are not limited to estate planning, here are just a few of the more
sought after schemes that Countrywide can provide:
Typical estate planning solution for married / civil partners estate valued over two nil rate bands
For more information please contact us on 01926 514390 or visit www.countrywidegroup.co.uk
Interest InPossession Trust
Receives the excessabove Nil Rate Band
Interest InPossession Trust
Receives the excessabove Nil Rate Band
Family Trust 1Legacy up toNil Rate Band
Family Trust 1Legacy up toNil Rate Band
The beneficiaries have access to the Trust funds but Countrywide ensure that these assets do not enter their estates and so are protected from attack by the following:
Marriage After Death - MAD
Placing half of the family home and other
assets into a Trust on first death ensures that,
should the surviving spouse remarry in the future,
those assets cannot be taken into the second
marriage and removes the threat of your own
children being disinherited. The survivor is still able
to use the assets in the trust.
Divorce
Placing the assets into Trust ensures that,
if your children / chosen beneficiaries are
subject to divorce proceedings then what you
intended them to receive is protected from
any divorce settlements.
Care
Holding the assets in the trust ensures that they do
not add onto the beneficiaries’ own estate and so
cannot be assessed for their care costs.
Creditors or bankruptcy
Similarly, if any of your beneficiaries are subject
to creditor claims / bankruptcy then their
inheritance would not be exposed to these claims.
Further or Generational IHT
Holding the assets in the trust ensures that they do
not add to the beneficiaries’ estate and impact on
their own Inheritance Tax. (see Technical Sheet
6: Generational IHT)
On first death, the deceased’s share of the property is passed into their Family Trust via the Will.
The surviving spouse continues to live in the property and is still able to move home if they choose to do so.
In the event that the survivor enters care, the survivor only owns a half share of a house. Section 7.019 of the CRAG Regulations confirms that the value of a half share of a house is effectively NIL for the purposes of assessment for care .
Clients choose the beneficiaries of the trusts, typically, spouse, children, grandchildren, etc.
Clients also choose the trustees, who are responsible for managing the trust funds. The strategy of managing the trust funds is
vital to maintain the protection provided by the trusts. Appropriate management can ensure that the funds remain protected from
divorce/separation, creditor claims and long term care whilst access to funds is maintained for the beneficiaries.
Abbotsfield House,
43 High Street,
Kenilworth,
Warwickshire CV8 1RU
England
Tel: 01926 514 390
Fax: 01926 514 394
www.countrywidegroup.co.uk
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