case study three

The Doctor: A Family Man

I’ve known Laurence literally all of his life. I was his family’s GP for many years, until he eventually left home and moved away from the local area. It was by pure coincidence that another Financial Adviser, who felt that Laurence’s expertise in tax planning would be beneficial to me, referred him to me on a professional basis some years later.

My life is quite simple. I have worked hard all of my life to accumulate sufficient capital to ensure that my family are safe and financially protected in the event that I’m not able to look after them. This is my main – and probably my only – real priority in life, outside of the Surgery.

Having built up a comfortable financial position, my health had started to deteriorate and it focussed my mind on looking after my daughter and grand-daughter, ensuring that they could benefit from my capital as much as possible whilst they were still relatively young, and could use some extra help. At the same time, I was conscious of taking care of my wife, and wanted to maintain our own lifestyle as well.

Laurence and the team at Lonsdale have worked with all three generations of my family for several years now, and devised a strategy to ‘cascade’ the wealth tax efficiently from me, to my daughter, and on to my granddaughter. This is not an overnight process, and effective financial planning sometimes takes years to achieve; however I feel comforted in the knowledge that my family are very close to Laurence, and that when I am not around to take care of things myself, he will continue to work with them to ensure they understand everything that has been put in place for them, and make the most of it.

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