Wills for a separating unmarried couple with children

We helped a separating unmarried couple draft their Wills to look after each other but ultimately to ensure their three children are looked after. They both owned a business which they had sold but retained some shares.

We worked with them to structure how this would pass to their children on their deaths. We discussed life interest trusts to provide an income to the survivor during their lifetime with capital going to the children on the survivor’s death. Saving inheritance tax (IHT) was important and we worked with their financial planner to look at trusts that could save them IHT.