Altrincham Corporate Estate Planning

How would your business cope with the death of a business owner or major shareholder? Does your business have all of the necessary legal documents in place to ensure a smooth transition? Most business owners have given little thought to this area of planning.

When we talk to clients about protecting their business, we don’t immediately begin to cover exit planning; shareholder agreements; ownership of shares; tax mitigation; or how the business would cope in the event of their early death. Instead, our Altrincham IFA and Altrincham corporate estate planning team start with some basics:

Altrincham Estate Planning Solutions

Our Altrincham corporate estate planning team discuss and implement your needs, in relation to:

Will:
Does the business owner have a will that covers their shares in the business? Is it up to date and tax efficient?

Shareholder agreements:
Who owns shares in the business? How many? Do the company’s articles and memorandum of wishes dictate how these shares will be disposed of?

Protection:
Is there sufficient life cover in place to pay the full value of the shares to the deceased’s estate?

Control:
Who is going to be in charge of the business if you become ill, or die? Are they capable of doing so? Do they have the correct knowledge and expertise?

Do you have a Lasting Power of Attorney (LPA) registered?

Corporate Estate Planning Altrincham

Clearly, there are a great number of issues for a business owner/shareholder to think about. Simply having a life insurance policy and will in place may not be enough. By having a member of our team talk through your wishes with you, and reviewing your legal documents, we can make sure your business and family will be in the best possible shape if the worst happens.

Call the Assured Wealth and Estate Planning Altrincham financial planning adviser team today on 0161 464 9122 and book your FREE Altrincham retirement planning consultation.

Assured Wealth and Estate Planning guide to the increased fee level and how forward planning can mitigate the new fees

What is probate?

When someone dies, you need to obtain the legal right to deal with their property, money and possessions, and to do so you need a grant of representation, which is commonly known as ‘probate’.

When is probate not needed?

Usually you won’t need to apply for probate if the estate does not include land, property or shares, if it is passing to a surviving spouse or civil partner because it was held in joint names or if the estate is valued at less than £5,000. However, each financial institution has its own rules and may still require a grant of probate certificate.

The new fees will apply to all applications received by the probate service on or after the date it is introduced in April 2019, irrespective of the date of death.

What is happening to probate fees?

Why Choose us