0161 399 0845
BUSINESS SUCCESSION
How can I preserve my business assets for my family?
Hard work and dedication has meant that you have built up a sound business to benefit you and your family and naturally, you would want to ensure that your loved ones are provided for in the event of your death.
So what if the worst should happen and either you, or a business partner were to die?
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Who would actually be entitled to this share of the business?
Without a valid Will, the deceased's share would be subject to the Laws of Intestacy and the person who inherits may not be the person you intended. Would you or your business partner be content to run your business with their surviving spouse or their beneficiaries? This could have a major impact on the running of the business, or the value of the business may now go down following the death of such a key person.
At Oakwell Estate Planning, our business estate planning is tailor made to suit you and your business, taking the standard planning options available on the High Street a significant step further.
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WITHOUT THE APPROPRIATE BUSINESS SUCCESSION STRATEGIES...
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Your spouse / partner and children may not inherit your share of a business.
The business may have to be sold and the proceeds become liable to Inheritance Tax.
The value of the business could depreciate owing to the inexperience of any beneficiary.
Business partners may not be able to buy out the deceased's share.
WE WORK AROUND YOUR SCHEDULE
Oakwell Estate Planning carries out face-to-face meetings, either in the comfort of your own home, your place of work or our offices; whichever is more convenient for you.
Meeting you in person allows us to identify your estate planning objectives and to provide guidance and advice, go through the options available to you and to make appropriate recommendations. In turn, this provides you and your family with peace of mind.
Our qualified legal consultants are dedicated and flexible, and can arrange to meet with you in the daytime, evening or on the weekend.