Webinar: No Weddings and a Funeral: Financial Implications
Susan and Bill have been partners for 15 years and cohabit in a sizeable property, which Susan owns. She has built up a £3 million investment portfolio and a substantial pension over the time they have been together. Susan runs a design company that she inherited from her late mother, which has a significant value. On her accountant’s advice she gave Bill 50% of the shares so they could share dividends. She is also the beneficiary of a trust. Bill does not work but does a few odd gardening jobs for ‘pocket money’ and keeps the house running while Susan works in the business. He spends as much time as he can at the static caravan on the coast which he bought recently.
Susan feels that the relationship is in difficulty and is thinking about separating. She wants to understand her position – can he make her sell the house? What will she have to pay Bill on separation from her investments? What will he get from her pension? Can she demand her company shares back? Does she have to give him anything from the trust? What if she dies before everything can be sorted out? She books an appointment at Howes Percival to understand her legal position.
Join Howes Percival's Private Wealth experts for their upcoming webinar, where they will use the above case study to discuss key differences between cohabitation and divorce when it comes to splitting assets in a relationship breakdown and what happens when a partner dies with no Will in place? Discover the various scenarios and financial (including tax) implications of arrangements and how they differ if you are married or not.
Speakers
Event details
Date: Tuesday 4 July 2023
Time: 09:30am - 11:00am
Webinar: A zoom link will be provided on registration.
RSVP: Click here.