By reorganising his will to include a trust, his wife will be able to gain income from the assets for a period of just over two years after his death.
These assets would then be passed on to his children.
Our advice resulted in no Capital Gains Tax and we have substantially reduced the chance of the family having to pay Inheritance Tax.
Now the family have peace of mind that they have a tax efficient financial plan in place that will provide for their children on their death. This clever approach gives the children the means to plan their own future and that of their own families with confidence.