Protecting your business as it grows
We can help you protect your business as it grows so that, whatever happens, you are in control. From advice about a Corporate Will for business owners, to pre and post nuptial agreements, succession planning, inheritance tax planning and trusts. We can help you safeguard your business interests for the future.
Our Corporate Will Service reviews your existing arrangements to see what protection you have in place and then reports back with any recommendations. We can do this for all owners of a business, although individual wishes will remain confidential. The Corporate Will ensures all owners have their affairs in order and there are no nasty surprises for the others in the event that someone dies unexpectedly, gets divorced or suffers an accident.
We look at:
- Existing Articles of Association and any Shareholder's Agreements
- Powers of attorney in relation to business and personal financial decision making in the event of incapacity
- General succession planning for the business
- Inheritance tax planning is crucial for business clients contemplating a sale of the business in the short to medium term but also important as part of general weatlh planning
- Insurance options to provide cash on the death of an owner to enable a buy back of shares
- Protection in respect of divorce or separation of an owner
- Making/updating Wills
- Review of property ownership
- Trusts & Pensions
Protecting your business in the event of your death
If you run a family business with your husband or wife there are a few safeguards you should think about. You may have already made a Will, but does it stipulate what happens to your shares or business assets? Would you want the control of your business go to your senior management team, or your family?
We can help you with a variety of business decisions such as succession planning, pre and post nuptial agreements, and draw up a Corporate Will to make sure your business is fully protected.
Protecting your assets when entering into a new relationship
If you are entering into a new relationship, you might want to protect your assets and finances. After all, circumstances can change, particularly after a marriage or inheritance, and you may well want to put an agreement in place on how to split your assets if the relationship breaks down.
We are experienced in helping clients with pre- or post-nuptial agreements, as well as cohabitation and separation agreements.
Pre-nuptial and post nuptial agreements
Circumstances can change, particularly after a divorce, marriage or inheritance, and you may well want to put an agreement in place on how to split your assets if a new relationship breaks down.
We are experienced in helping clients with pre or post-nuptial agreements, as well as cohabitation and separation agreements.
Inheritance Tax Planning
If the value of your assets exceeds the inheritance tax threshold, we can advise you on how you might be able to reduce the tax bill on your death. This might mean some re-structuring of your assets during your lifetime and maybe considering the use of trusts in your Will. Trust have the added benefit of offering some protection over your assets should there be a divorce in the family or if you have children from an earlier relationship and want to ensure that both children and your current spouse are looked after.
Our team can also advise on Deeds of Variation, which enable you to divert funds from a loved one's estate to someone else that you nominate to help with personal tax planning. Finally, to offer a full package of support we can also put you in touch with independent financial advisors and accountants to advise on your wealth management
Data protection is an all-pervading aspect of European law that is has an effect on a day to day basis. From dictating how an organisation can use personal data or how a business stores customer data, you cannot avoid it.
Unfortunately it is often misunderstood, and can sometimes be used by professionals to avoid a difficult conversation. However, used correctly it can protect our data and how it is used. We can help you get to grips with data protection and use it effectively to your advantage.