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Investment Bond launched
National Savings and Investments (NS&I) has recently launched a government-backed Investment Bond. The main details of the Bond are...Read more >
13 May 2017
Business response to General Election on 8 June
In response to the announcement of a General Election on 8 June Carolyn Fairbairn, CBI Director-General, said:Read more >
9 May 2017
Changes to the PAYE Tax system using Real Time Information
HMRC have announced that from the end of May 2017 they will be using Real Time Information (RTI) to make adjustments to employee tax codes i...Read more >
7 May 2017
Solihull Chamber survey surprises
Last week Kevin Johns, Prime’s Managing Director and President of the Solihull Chamber, hosted the Solihull Chamber Breakfast. The eve...Read more >
17 May 2017
HMRC have announced changes to requests by agents for pay, tax and employment history details
HMRC have reported that they have witnessed an increasing number of security issues recently, particularly related to requests from agents f...Read more >
15 May 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
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