A family investment company (FIC) is a long-term tax efficient vehicle that enables an individual to pass assets out of their estate for inheritance tax (IHT) purposes while retaining control and protecting them.
Joan Thompson claimed reasonable financial provision under the Inheritance (Provision for Family and Dependants) Act 1975 from the estate of her partner, Wynford Hodge. He gave his £1.5m estate to Karla Evans and Agon Berisha, who were tenants of one of his properties. The will made no provision for Joan, who was financially dependent on Wynford and who had lived with him for 42 years.
Despite a recent case where a pre-nuptial agreement was not taken into account when considering the final financial award, pre-nuptial agreements continue to serve a very useful purpose for many families.
Dal is experienced in all aspects of family law which include complex financial disputes in a wide range of cases from high net worth business, substantial pensions and cases with significant pre-marital assets.