Business succession

Preserve your business assets for your family

Hard work and dedication has allowed you to build up a sound business that’s been benefitting you and your family. Naturally, you want to ensure that your loved ones are provided for in the event of your death.

So what if the worst should happen and either you or a business partner were to die?

Without a valid Will, the deceased’s share would be subject to the Laws of Intestacy and the person who inherits may not be the person you intended.

Would you or your business partner be content to run your business with their surviving spouse or their beneficiaries? This could have a major impact on the running of the business, or the value of the business may now go down following the death of such a key person.

Our business estate planning is tailor made to suit you and your business, taking the standard planning options available on the High Street a significant step further.

Would you or your business partner be content to run the business alongside the surviving spouse or beneficiaries of the one of you who has passed away?

Without the appropriate Business Succession strategies in place:

Your spouse/partner and children may not inherit your share of a business. + The business may have to be sold and the proceeds become liable to Inheritance Tax. + The value of the business could depreciate owing to the inexperience of any beneficiary. + Business partners may not be able to buy out the deceased’s share.

Get in touch

For a confidential chat about securing a more stable future for you and your dependants, please call us on 01823 240241, or send us a message now.

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