MORE than 50 people attended our informative and successful seminar in March, aimed at helping people maximise their wealth.
The seminar, held on March 3, was hosted by us here at Midland Financial Solutions in the luxurious surroundings of the Morley Hayes Hotel in Derbyshire.
It covered a wide range of topics including how to maximise the wealth you can extract from your business and how to ensure you and your loved ones get the most out of it.
As well as covering topics related to running a business, the seminar also talked about personal wealth matters such as Lasting Powers of Attorney, and how to keep the most wealth within the family without giving too much away to the Treasury.
Guest speaker at the seminar was Grace Steele, private client director at Derbyshire legal firm Ellis-Fermor & Negus.
A solicitor with more than 25 years’ experience in private client work in the East Midlands area, Grace specialises in inheritance tax planning, wills, plus complex and high value probate administration.
She has a particular interest in estate planning, using and setting up trusts. She often acts for farming families and business owners, as well as many other loyal clients who value her practical and professional approach. A chartered tax advisor, she is a full member of the Society of Trust and Estate Practitioners (STEP).
Kevin Edwards, operations director of Midland Financial Solutions, says: “Here at Midland Financial Solutions, we are very proud of the seminars that we run. It was great to see a full house for our latest event on March 3. Grace’s expertise in inheritance tax planning and probate was particularly valuable to many people there.
“Covering everything from the importance of having an up to date will to how to have an exit strategy for your business, our seminar was a very successful event and we are pleased that so many people attended and found it informative.”
Other information presented in the seminar included advice for business owners wanting to ensure it retained value when passed on, plus advice on how to maximise a business’s capital value on disposal and what tax mitigation there would be. There was direction on dividends, salaries, pension contributions and diversification, plus a segment on the advantages of pension contributions.
Delegates were also invited to think about the unexpected, such as shareholders’ agreements covering the eventuality of a shareholder becoming ill and dying, and to whom their shares would be transferred; and therefore most often the running of their share of the business too.
The seminar also covered valuable technical areas such as Entrepreneur’s Relief, Inheritance Tax, plus use of trusts and how they can be used to reduce the value of a taxable estate over time.