How could one client review meeting save the next generation over £1 million?
Meet John and Mary: a married couple living in Norwich with their two children, Ben and Ella.
John owns a successful precision engineering and manufacturing company valued at approximately £3.5 million. Mary is not involved in the business, and like many families, their existing Wills were drafted under the previous Business Property Relief (BPR) rules.
However, changes to BPR mean that planning which was once entirely appropriate may now produce very different inheritance tax outcomes for clients and their families.
In this practical, scenario-led webinar, we’ll follow John and Mary’s family through a series of estate planning scenarios, comparing the inheritance tax position under both the old and new rules. We’ll explore how different planning decisions can significantly impact the amount ultimately passed on to the next generation.
Through this realistic private client case study, we’ll examine the risks that can arise when business assets are sold following the first death, and consider how different Trust structures may help preserve valuable reliefs and improve outcomes for beneficiaries.
We explore:
🏭 The impact of the new BPR rules and how they can affect existing Wills and estate planning arrangements.
📉 Inheritance tax outcomes under old and new legislation through practical client scenarios.
🔄 The risks of selling business assets after the first death and the potential tax consequences for families.
🏛️ How different Trust structures can change the outcome and help protect family wealth.
✍️ Why now is the ideal time to review client Wills and identify planning opportunities before it’s too late.
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