Warrington Corporate Estate Planning
Could your business cope if a business owner or major shareholder died early? Does it have all of the necessary legal documents in place in order to enable a smooth transition? Most business owners have given little thought to this area of planning.
When we talk to our clients about making measures to protect their business, we don’t just talk about exit planning; shareholder agreements; ownership of shares; and tax mitigation. We look at how the business would continue in the event of their early death.
Warrington Estate Planning Solutions
Our Warrington IFA and Warrington corporate estate planning team start with the basics:
Will:
Does the business owner have a will that deals with their shares in the business? Is it fully up to date and tax efficient?
Shareholder agreements:
Who owns shares in the business? Do the company’s articles and memorandum of wishes dictate how shares are going to be disposed of?
Protection:
Is there adequate life cover in place to pay the value of the shares to the deceased’s estate?
Control:
Who is going to take control of the business if you become ill, or die? Are they capable of doing it? Do they have all the knowledge and expertise they will need?
Do you have a Lasting Power of Attorney (LPA)?
Corporate Estate Planning Warrington
Clearly, there are a huge number of issues for a business owner or shareholder to consider. A life insurance policy and will may not be enough. When a member of our team talks through your wishes and reviews your legal documents, we can help to ensure your business and family will be in the best shape if the worst does happen.
Call our Assured Wealth and Estate Planning Warrington financial planning adviser team today on 01925 396122 and book your FREE Warrington retirement planning consultation. We are here to help you make plans for your financial future.
