United Kingdom: Family and Matrimonial

Business owners invest years building company value, yet many overlook how their business fits into estate planning. Understanding how company structure, shareholder agreements, and inheritance tax relief interact with your Will is essential to protect the value you've created and provide certainty for family, shareholders, and employees.

The UK Government has consulted on reforms that could make prenuptial agreements legally binding in England and Wales for the first time. These proposed 'qualifying nuptial agreements' would allow couples to make binding arrangements about asset division upon divorce, subject to important safeguards including independent legal advice and financial disclosure requirements.

For individuals with international assets, an English Lasting Power of Attorney may not be sufficient to manage affairs across borders. Understanding the complexities of cross-jurisdictional recognition and the potential need for multiple powers of attorney can prevent significant delays and complications during critical moments of incapacity.