A Dentist based in Yorkshire has been with their previous accountant for over 5 years. Over this time, contact had been minimal and they didn’t receive any input into other areas of the business.
Couple in their mid 50’s involved in a motorcycle accident. Mrs suffered head and brain injuries. Mrs qualified for £1.3m compensation awarded under Trust. Appointed Trustees were Mr and a local Solicitor
Challenges:
Mr had to give up work to care for his wife
Clients needed to generate £30,000 per annum net income and ensure long term sustainability of the income.
Clients wanted to ensure capital could still grow in the future.
Married couple both age 65 retiring now, two financially independent children and five grandchildren. Both client and partner in reasonable health although Mr had high blood pressure and angina. Looking to generate appropriate level of retirement income.
Mr “YA” aged 35, married and running a tenanted Farm. Also trying to manage his elderly parents investments and financial affairs whilst at the same time running his own business and trying to generate wealth for himself and his wife.