STRUCTURING AND TRANSFERRING YOUR WEALTH

If your aim is to pass your wealth on to your family, we can work with you to help you try to achieve this in the way and at the time that's best for you.

Structuring and transferring your wealth

We all have different goals in life, so it makes sense to have the right strategy in place to achieve them.

Our services will help you make sure you have the right financial provision in place. We’ll help you to make decisions to protect your family, dependants and favourite charities. We will introduce you to our preferred service provider to help you meet your needs.

These services can include:

Personal Tax Service

Specialist tax advice is key to managing your wealth. Private Banking can introduce you to leading tax advisers Ernst & Young LLP to provide a full Personal Tax Service. They can help you complete your tax return, make use of your legitimate exemptions, and ensure you pay the right amount of tax, as well as provide insightful expertise on broader and longer-term tax considerations. Ask your Private Banking contact for more details.

Making a Will

Making a will and keeping it up-to-date is the only way you can ensure that when you die, your wishes are clear. Dying without a will could leave your partner without any rights or protection if you’re not married. If you don’t have close family, your estate could pass to a distant relative you do not wish to benefit or do not know or even to the Crown.

The Will Writing Service aims to give you the peace of mind of knowing that everything is set out clearly in a legal document. The service is provided by Hugh James Solicitors who deliver a comprehensive range of services to customers in England and Wales. They will even store your will without charge. You will have the option to appoint us as Executor and Trustee to your will. For customers who require a will under Scottish Law, Hugh James will work together with Brodies LLP.

Administering an Estate

Administering an estate when someone dies can be daunting, especially if you were close to the person who died. Our service is available where we are appointed as an executor under the terms of a will, where an existing executor does not feel able to act or where there is no will in place. You don’t have to be an existing customer to use the service. This service is provided by Bank of Scotland.

To speak to a bereavement specialist please ring 0800 056 0171. Lines are open Monday to Friday,9am–5pm.Call costs may vary depending on your service provider. Calls may be monitored or recorded.

Setting up a Trust

It might be the case that you have built up your wealth over the years. Or perhaps you have had a windfall or inherited a sum of money. Whatever your individual circumstances, setting up a trust could be the right decision for the future with the added flexibility of tax efficiency. A trust can help you protect your wealth, making sure the people that matter to you most are the ones who benefit in a way that you want them to at the right time.

Your Inheritance Tax liability depends on your individual circumstances. Your tax rules may change in the future. Bank of Scotland provide a professional Trust Management Service supported by a team of experts who can act impartially on your behalf and design the right solution for you. You can appoint Bank of Scotland to act as a trustee in your lifetime, or under the terms of your will.

Financial Planning

Some of our products and services require financial advice. We provide this service through our partnership with Schroders Personal Wealth. We will introduce you to an adviser to help you make financial planning and investment choices based on your financial goals.

Your Schroders Personal Wealth adviser will explain what advice they can give. They’ll also tell you which products and services this covers and any advice or product charges that apply and agree these with you.

Find out more about Financial Planning

BECOME A CUSTOMER

To arrange an appointment with us, you can book an appointment online or call us.

Lines are open Monday to Friday 9am-5pm, Tuesday and Thursday until 7pm, Saturday 9am-1pm.

Lines are closed on Bank Holidays.

Calls may be monitored and/or recorded. Local call charges apply to calls from UK landlines. They may be higher for calls from mobile phones, or from abroad.

APPOINTMENT FORM

Please complete our form to request an appointment with us.

BOOK APPOINTMENT

BY PHONE

If you would prefer to arrange your appointment by phone, please call us on:

0345 366 2727

Bank of Scotland plc and Lloyds Bank plc are both part of Lloyds Banking Group. More information on Lloyds Banking Group can be found at www.lloydsbankinggroup.com

Bank of Scotland plc
Registered Office: The Mound, Edinburgh EH1 1YZ. Registered in Scotland No. SC327000. Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority under number 169628.

Lloyds Bank plc 
Registered Office: 25 Gresham Street, London EC2V 7HN. Registered in England and Wales No. 2065. Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority under number 119278.

Lloyds Bank International Limited
Registered Office and principal place of business: 11-12 Esplanade, St Helier, Jersey JE2 3QA. Lloyds Bank International Limited is incorporated in Jersey No. 4029 and is regulated by the Jersey Financial Services Commission.

The Guernsey branch of Lloyds Bank International Limited, principal place of business PO Box 136, Sarnia House, Le Truchot, St Peter Port, Guernsey, GY1 4EN, is licensed by the Guernsey Financial Services Commission.

The Isle of Man branch of Lloyds Bank International Limited of PO Box 111, Peveril Buildings, Peveril Square, Douglas, Isle of Man IM99 1JJ is licensed by the Isle of Man Financial Services Authority.