Whether your business is owner-managed or family run, it is crucial to protect it properly, maximising its value for future generations to enjoy, in a tax-effective manner.
When you are running your own business, there is so much on your mind, and although you probably don’t want to think about it, there will come a day when you leave your business: retirement, passing away or relinquishing control are all possible eventualities. If you don’t have a robust estate plan in place, you, or your family, risk losing everything you have worked so hard to build.
As a business owner, you have a responsibility to others within the business so you need to decide what will happen when you retire, step down or in unforeseen circumstances are no longer running your business. You need to decide who should take control of the business and by planning ahead you provide peace of mind for family and staff, should the unexpected happen. Ensuring you have an estate plan set up means your assets will be managed and disbursed as you requested.
Estate planning involves several legal documents, including your last will and testament and a lasting power of attorney (LPA). Due to the importance and complexity of estate planning it is imperative that you secure the services of a professional specialising in this subject.
To speak with one of our Estate Planning Experts, you can either use our matching engine or complete the quick contact form and one of our experts will call you back. Please note that the initial consultation is free and without obligation.