Having established a practice, a home and educated your children, probably the main purpose of life is to enjoy a good lifestyle, guarantee financial security for yourself and to the extent reasonably possible, make some provision for your children and grandchildren on your death.
Most people work hard and long to achieve their life's objectives.
Unfortunately many do not adequately plan their future because they either do not get around to it, or just feel that it is too difficult or that their present situation cannot be improved. Almost without exception, proper planning of even relatively small estates can produce substantial benefits to the whole family group. Now, more than at any time in history, planning must take place in advance. The plan must be flexible to take account of changing family situations, new laws and additions to the family group. The impact of capital gains tax has more long term repercussions than existed under the previous iniquitous death duty legislation.