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The Main Advice Areas (Savings and Investments (Income/capital needs…

- - - - Deposit accounts
    - - Stock market
        
        Equities
- - - - Childcare costs
      - Mortgage repayments
      - Loss of income
      - Housekeeping
    - - Loss of income
      - Housekeeping/daily tasks
      - Medical treatment
      - Nursing care
      - Home alteration
  - - - Directors
      - Researchers
      - Engineers
      - Tax
        
        Premiums
        
        Corporation business expense
        
        Proceeds
        
        Taxed
    - - Automatic accrual method
        
        Share divided among partners
        
        family receives trust life policy
      - Buy-and-sell method
        
        Agreement to buy/sell on death
        
        Receive IHT
      - Cross-option method
        
        Buy/Sell optional sell
        
        Free from IHT
    - - Employee
        
        Critical illness
      - Business partner
        
        Critical illness
      - Self-employed sole trader
        
        Income protection
- - - - Consult a legal adviser
    - - Provisions to mitigate
      - Legal avoidance