Succession Planning
It is estimated that as many as two-thirds of people in the UK die without a Will, even though some own businesses worth substantial sums.
Business Protection is not just about a will. It is also about the passing of the business from one safe pair of hands to another whilst, at the same time, preserving the assets for the family left behind.
Succession Planning is vital for the life-blood of a business and the prosperity of the family. The safe future of your business and its employees will depend upon careful planning. It can be broken down into two major areas: a business will and a personal will.
Business Protection is not just about a will. It is also about the passing of the business from one safe pair of hands to another whilst, at the same time, preserving the assets for the family left behind.
Succession Planning is vital for the life-blood of a business and the prosperity of the family. The safe future of your business and its employees will depend upon careful planning. It can be broken down into two major areas: a business will and a personal will.
Without a Will, you are deemed to die Intestate – this means legislation from nearly 100 years ago decides who benefits from your estate. If you are married with children, your spouse may only inherit the first £250,000 of your personal estate absolutely.
Putting in place a Will ensures that you choose who benefits from your estate. You also can appoint Guardians – people who you choose to bring up your children in the event of your premature death.
Putting in place a Will ensures that you choose who benefits from your estate. You also can appoint Guardians – people who you choose to bring up your children in the event of your premature death.
