Long Term Wealth & Succession Planning for Business Owners

As the owner of a business it will be important to ensure appropriate arrangements are in place should something happen to you. In these circumstances have you thought about:
We can consider questions like these with you and advise on the options available to achieve your wishes regarding the future of your business. This planning may involve key man insurance, cross option shareholder agreements, trusts, life policies or pension death benefits. We will involve colleagues in our commercial department and also work closely with other professional advisers such as independent financial advisers.
Your business may qualify for Business Property Relief and so our advice will also include structuring your Will and any lifetime planning to maximise this valuable Inheritance Tax relief.
You may also own premises or other assets which are used as part of your business. The way in which you own these assets can have tax implications. Our team can advise on this and can also discuss with you how these assets are to be dealt with under your succession plan.
For further information or advice, please contact Alison Hall on 0191 232 8345 or email Alison.Hall@hay-kilner.co.uk