Protecting the future of your business and your family’s wealth

More often than not business owners fail to have their estate planning in total order. As a bare minimum the following instruments should be put in place:

Separate LPAs should be granted for personal and business affairs.

Wills offer flexibility for the management and protection of business interests on death and a vehicle to maximise inheritance tax reliefs often missed or lost.

To ensure that surviving shareholders in private companies have the right to purchase a deceased owners shares (at a pre-agreed price/ market value with insurance cover written to cover such sum for the benefit of their estate) a cross-option agreement should be considered which will avoid shares being held to ransom or disputes arising surrounding their valuation. For additional information or advice specific to your circumstances and wishes, don’t hesitate to contact me.