If you have dependant relatives, own a property, or have any type of asset which you wish a loved one or charity to benefit from then you need to make a will.Learn More
Estate planning is an important element of your wealth management strategy, as it allows you to continue to help your loved ones after you're gone.Learn More
We currently work with a large network of financial advisers who trust us to look after their clients estate planning needs.Learn More
Messenger Financial Management : 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.
Without the appropriate Business Succession strategies...
- Your spouse / partner and children may not inherit your share of a business.
- Business partners may not be able to buy out the deceased’s share.
- 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.
Our business estate planning is tailormade to suit you and your business, taking the standard planning options available on the High Street a significant step further.
We have produced a number of information leaflets which we hope you will find useful.
If you require any more information or you would like a free no obligation consultation then please Click Here to go to our free consultation enquiry form.