Business Succession

Hard work and determination has meant that you have built up a sound business to benefit you and your family and naturally, you would want to ensure that your loved ones are provided for in the event of your death.

Who could actually be entitled to this share of the business?

Without a valid Will, the deceased's share would be subject to the Laws if 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 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 on the High Street a significant step further

Without the appropriate Business Succession strategies...

• Your spouse/partner and children may not inherit your share of the 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.