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Business Succession
Business Succession
How can I preserve my business assets for my family?
Hard work and dedication 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. So what if the worst should happen and either you, or a business partner were to die?
Who would actually be entitled to this share of the business?
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.
Without the appropriate Business Succession strategies...
- Your spouse / partner and children may not inherit your share of a business.
• The value of the business could depreciate owing to the inexperience of any beneficiary.
- The business may have to be sold and the proceeds become liable to Inheritance Tax.
• Business partners may not be able to buy out the deceased's share.
FOR MORE INFORMATION ON OUR SERVICES, CLICK THROUGH BELOW
WILLS
The vast majority of people put off making a Will for a variety of reasons, either believing....
Wills Read More...
POWER OF ATTORNEY
There may come a time in your life when you are unable to manage your financial affairs....
Power of Attorney Read More...
TRUSTS
( BLOODLINE PLANNING)
Without the correct "Bloodline Planning" some, or all of your children's or grandchildren's....
Trusts Read More...
BUSINESS SUCCESSION
Hard work and dedication has meant that you have built up a sound business to benefit you....
Business succession Read More...
CARE
When someone enters care they are automatically means tested and all of your capital assets....
Care Read More...
ABOUT US
Harratts Legal Services are a family run Estate Planning company. We specialise in Wills, Lasting Powers of Attorney and Estate Planning.
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