- 2 Leman St, London E1 8FA
- 07712 331 233
- eddie.hewitt@hqacc.co.uk
- eddie@vettedestates.co.uk
- e.hewitt@mayfairestateplanning.co.uk
Building and Protecting Generational Wealth.
Eddie Hewitt began his professional career as an estate planner helping families build generational wealth. Building, protecting and passing on generational wealth adds an additional level of complexity to your professional planning as you need to consider different dynamics. Focused on preserving your legacy for your family rather than focusing on yourself as an individual.
While estate planning is family-focused, through his experience Eddie Hewitt brings a commercial acumen and understanding of tax strategy that is instrumental to a family’s succession planning.
As assets pass from generation to generation an individual’s estate may be divided between several children and ultimately grandchildren, lose 40% inheritance tax through each generation and may suffer through poor commercial decision-making. Ultimately through these dynamics, a family fortune can be depleted or lost.
As the MD of Mayfair Estate Planning Eddie has developed a comprehensive service to engage with families and through effective succession planning, Eddie Hewitt works with his clients to build from generation to generation to address these challenges.
Eddie left university with a law degree and went straight into professional services on a self-employed basis where he quickly discovered the need to generate his own clients.
This experience helped him understand the need to hone his technical ability as well as key business skills in sales, building and nurturing client relationships over time and working with a range of professionals to deliver on his client’s needs.
Through running his own businesses and working with a range of clients businesses Eddie has developed his skill as a business strategist and the ability to implement and deliver strategy in a practical way.
Over time Eddie has delivered in a sales capacity, been a business mentor and worked with businesses from an advisory and strategic perspective. Today Eddie works with a number of families with business interests as well as delivering a business advisory service through HQ Accountancy.
Many small businesses suffer from a similar challenge when it comes to selling in that they rely too heavily on the business owner and this severely limits the value of the business at exit and can mean that most businesses do not have a realistic saleable value. Growing a business beyond the business owner is incredibly challenging and most business owners don’t appreciate the need for it before looking to exit. Eddie Hewitt specialises working with small SMEs who look like this to help them build substance and grow to enable the business owner to realise the business’s true value. This can be life-changing for many families.
Working in his capacity as an estate planner Eddie gravitated towards more commercial clients and specifically enjoyed working with families who invest in property. Most families who invest in property neglect succession as they build their portfolio which can result in a 40% inheritance tax or significant capital gains tax if they wish to gift to their children. Eddie has enjoyed working with families to help them build a long-term tax strategy to mitigate the inheritance tax while helping the family continue to build their portfolio.
For the majority, property investment is a long-term investment with expected returns between 3%-5% per annum. looking after a portfolio and tenants can be a very involved time-consuming and expensive undertaking and for many the financial returns can be quite modest. Over 10 years Eddie has worked with clients and associates in property using a variety of strategies that can offer significant returns and has built relationships with successful businesses that can identify opportunities and deliver turn-key solutions. Through Vetted Estates, Eddie works with families who invest in property to create a strategy to build a high-yielding property portfolio that is robust to market changes. Eddie has experience delivering a 20% return on investment transforming a property portfolio into a property business.
