Mr and Mrs X were a retired, wealthy couple, aged 76 and 78. They have one grown up daughter, Miss X who is not dependent on Mr and Mrs X but helps organise their finances. Unfortunately, Mr X had recently suffered a stroke which meant he would need ongoing care. Their income was mainly derived from rental properties and pension and totalled £100,000 per annum. Capital assets of approx. £15 million were spread across various businesses, farmland, properties and investments. Their main property consisted of a family estate and farm
Mr X’s illness had focused the family’s mind on the future, in particular ensuring the best possible care for Mr X and passing on their wealth to future generations.