While Inheritance tax is a major concern for many with large estates, there are other factors to consider during both lifetime and after death. Asset protection is a major concern for many business owners concerned about the risk of creditors targeting personal assets, equally individuals may be concerned about ringfencing income and assets for future generations while maintaining control or sheltering from sideways disinheritance.

Proper estate planning can ensure that processes are in place in the event of a loss of capacity both in short term and longer term circumstances. It can also ensure that business and property interests can be maintained in the event of death. By reviewing the entire estate, it’s possible to identify and resolve issues which may cause considerable difficulties and expense in due course.

By ensuring that the appropriate structures and documentation are put in place, control and ownership can be managed and directed according to the clients wishes and pressure on the family can be reduced at the most difficult times.