West Kirby Corporate Estate Planning
Could your business survive the loss of a major shareholder or its owner? Do you have the necessary legal documentation in place to enable a smooth transition if you died early? Most businesses have no plan, and you would be surprised how often they need one.
We can help to protect your business. Not just in terms of exit planning; tax mitigation; or shareholder agreements. We will look at how the business could continue in the event of its owner’s early death.
West Kirby Estate Planning Solutions
Our West Kirby IFA and West Kirby corporate estate planning team start off the process by making sure that all the basics are in place:
Does the business owner have a will that deals with their shares in the business? Is it valid and up to date? Is it fully tax efficient?
Who owns the business’s shares? Is disposal of shares covered in the company’s articles and memorandum of wishes?
Is there sufficient life cover in place to pay the full value of the shares to the deceased’s estate?
Who is going to take control of the business if you become seriously ill, or died early? Are they capable of doing the job? Do they have all the knowledge and expertise required? Is a Lasting Power of Attorney (LPA) in place?
Corporate Estate Planning West Kirby
There are a number of issues to consider for the business owner or shareholde. A will and life insurance policy are not usually enough. A member of our team can review your legal documents. We can help you make sure your business and family are left in the best possible shape if the worst happens.