SEIS with step siblings
James Ferry has a complicated family structure with two siblings, a step-mother, a half sibling and two step-siblings. His father, Paul Ferry (Snr), is already retired and enjoying a reasonable pension due to years of saving through his prior business. However, the subject of a Will has been avoided for some time and does not look like it will be implemented due to the sensitive topic.
James is concerned for two reasons: Firstly his father will inevitably be taxed on a large portion of his inheritance which will likely be far higher than Mr Ferry Snr probably realises. Given the number of children that Mr Ferry Snr is likely to split his inheritance across this will have a multiplying effect on what they receive individually.