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Reduction in the Dividend Allowance
It was announced in the Budget that the Dividend Allowance will be reduced from £5,000 to £2,000 from April 2018.Read more >
16 Apr 2017
Class 4 National insurance u-turn
One of the significant announcements Chancellor Philip Hammond made on Budget Day was the proposed increases to the main rate of Class 4 Nat...Read more >
14 Apr 2017
Tax-Free Childcare to be rolled out from 28 April 2017
Tax-Free Childcare, the new government scheme to help working parents with the cost of childcare, will be launched from 28 April 2017.Read more >
13 Apr 2017
Xero now has over one million subscribers!
At Prime we love Xero and have been fans from the start! It gives us immense satisfaction to see that Xero have now got more than One Millio...Read more >
7 Apr 2017
What business can learn from sport
There are many correlations between Sport and Business, the planning and discipline that goes into being a successful athlete are equally ap...Read more >
8 Dec 2016
Autumn Statement Summary
Yesterday George Osborne presented the first Autumn Statement of this Parliament. So what exactly did the Chancellor say and, more important...Read more >
26 Nov 2015
Contact Prime Today
To ensure that your assets will be protected, please contact us for a free initial meeting.Please Email Us >
Wills and Trusts
The vast majority of people will delay making or revising a Will for a variety of reasons but this can pose many problems for those that are left behind. Making a Will enables you to plan exactly what will happen to your estate and personal assets, ensuring that those you would like to benefit actually do so.
Without an up-to-date Will in place:
- You cannot be sure those you would wish to benefit will actually do so
- Your spouse or civil partner will not automatically inherit ALL of your estate
- Common Law partners may not receive anything
- Minor children could be taken into care while Guardians are appointed
- There could be lengthy delays for your beneficiaries and disputes between relatives
And if you are a business owner, do you know who would actually be entitled to your share of the business upon your death? Would your business partner be content to run your company with your surviving spouse or beneficiaries?
- Your spouse / partner and children may not inherit your share of a business.
- Business partners may not be able to buy out the deceased’s share.
- The surviving spouse or children may be obliged to take over the running of the business.
- The value of the business could depreciate owing to the inexperience of any beneficiary
- The business may have to be sold and the proceeds become liable to Inheritance Tax.
Prime can provide specialist succession and bloodline planning that maximises tax efficiencies and eases the transition of assets through generations at a time that’s particularly difficult for family and business partners. We can also offer advice on how to protect your home and assets should you need to enter a care home in later years.
Call Prime Today - we're here to help
Ensure that your assets will be protected and your wishes met by arranging a free initial consultation with us today.
Coventry - 024 7651 8555 or Solihull - 0121 711 2468