Asset protection for family businesses

How can families protect their wealth and businesses as generations change? In this episode of The Debrief the Legal Podcast, Matthew Taylor, head of family in Liverpool, is joined by Stephen McKellar, senior associate solicitor in the wills, trusts and probate team, to discuss how family and business wealth can be safeguarded as families grow and evolve. They explore what ‘family wealth’ really means, why keeping wills under review is essential, and how business‑owning families can plan for succession and intergenerational transfers. The conversation also looks at trusts, lifetime gifting and tax‑efficient planning, alongside the role of prenuptial, postnuptial and cohabitation agreements when wealth and relationships overlap. A practical discussion for anyone running a family business or planning for the future, with clear insights on protecting assets, managing risk and avoiding costly surprises.