TV business guru switches on to wills and IHT

TV business guru switches on to wills and IHT

16:27 PM, 14th January 2011, About 14 years ago

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Business guru Gerry Robinson is turning his talents to solving inheritance tax and estate planning problems for families in a new TV show.

The new six-part series ‘You Can’t Take It With You’ starts on BBC2 tonight (January 14) with a look at families who want to split their money between their children and favourite charities.

Mr Robinson has teamed up with a probate expert to advise families without a will how to go about estate planning and drafting a watertight will.

At the end of each programme, the people taking part will get a will based on advise given on the air.

Personal finance is a departure from Sir Gerry’s normal topics – business and public service.

He has made programmes about the National Health Service and business for the BBC.

Sir Gerry is the former chairman of blue-chip organisations Allied Domecq PLC, Granada, The Arts Council of England, British Sky Broadcasting Group and ITN.

How families suffer if breadwinner has no will

He says he was spurred in to making the programme after reading that two out of three people do not have a will and what he considers unnecessary financial stresses this can bring on family and loved ones, especially after the family breadwinner dies unexpectedly.

“I was staggered by the number of people who haven’t written a legally binding will,” said Mr Robinson.

“I want to help people put their financial affairs in order. It’s tempting to think you have plenty of time to act, but that’s not always the case. Writing your own will is a lot better than letting the government sort out your affairs if you die intestate.”

The BBC expects many viewers will be shocked to find out that unmarried couples and their children suffer financial hardships if there is not a will that specifically deals with leaving the home and savings to the surviving partner.

Other shows look at inheritance tax and how trusts work to avoid death duties in detail.

Mark Alexander, Founder of Property118 shares details of his own Legacy Protection strategy >>>

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