Without a Will :-

  • You cannot be sure those you would wish to benefit will actually do so
  • Your spouse/civil partner will not automatically inherit ALL your estate
  • “Common Law” partners MAY NOT receive anything
  • Minor children could be taken into care whilst Guardians are appointed
  • There could be lengthy delays for your beneficiaries and disputes

I’m too young to write a Will! :-

Bloodline planning is ensuring that your assets reach your children, grandchildren and relatives

Wills protect your assets and wishes on your death


Business Owners :-

Protecting your share of the business

Hard work and dedication builds your business, creates a good income and standard of living.  So, what would happen if either you or a business partner were to die?

Who is entitled to shares in your business on death?

Would you be content to run your business with your deceased business partner’s spouse, children or beneficiaries

  • What impact would this have on your business
  • Would you have sufficient funds to purchase the deceased’s shares
  • Would the business have to be sold

Things to consider

  •  Understand the Inheritance tax issues if the business needs to be sold
  • Consider a Cross Option Agreement so that you have the first right to buy each others share of the business
  • If you already have a Cross Option Agreement, do you understand how this impacts upon Business Property Relief when assessing Inheritance Tax liabilities
  • Life assurance through the company to buy back the shares from the deceased’s estate
  • How will you value the shares?  So, many business owners do not have in writing just how they would value the business.  Who brings in the money, good will, financial impact of losing a director/share holder


Effective use of Trusts

  • Assets assigned to Trust can help reduce Inheritance Tax
  • Trusts often get used to reduce the impact of tax on future generations
  • Making Lifetime Gifts can make sure you ringfence specific assets for your children or grandchildren
  • A Trust will help you manage control of how and when your loved ones recieve assets (specific age)
  • You can direct the Trust to pay an income in the early life to protect the gift from running out too soon



  • Appoint Trustees to make decisions, which can include you
  • Dictate a minimum age for reciept of the Trust benefits
  • Lock away life assurance payouts to provide income or education fees for young children


  • Trusts can help protect against Divorce or seperation settlements of future generations
  • Creditors or bankruptcy claims
  • Further Inheritance Tax Bills

Things to consider

  • Is your life assurance policy set to pay into your estate – which will increase your potential Inheritance Tax Bill
  • Do you wish to save for your children or grandchildren without having the investment in their own name
  • If you provide a gift of deposit for the kids first home, what happens to the gift if they have a partner and subsequently split up?

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