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Company & Commercial

Succession Planning

When you’ve spent a long time nurturing your business, we know that you’ll want to do everything you can to pass it on to the next generation, as efficiently as possible.

 

What you may need help with

You might have clear aims and intentions, but we know that working out how to pass on such a unique asset can sometimes cause you a headache. Perhaps you may need help in deciding how to pass your assets to those involved in your business, whilst remaining fair to the rest of your family. Or you might want to find a way of providing for your children from a previous marriage, or to consider how best to split your assets between your family members and charities.

 

Inheritance Tax Relief

You may be interested to know about the valuable reliefs from Inheritance Tax which the government currently offers to farm and business owners in certain circumstances. These can really help to protect some or all of your assets from the charge to tax, but there are several hoops to jump through in order to get you there.

 

Let us help you

Whatever your position, we can help. We’ll listen to your intentions for the future and will offer you clear, concise advice on your options for succession planning, perhaps putting these together for you in a Will. We’ve got many years’ experience finding practical solutions for situations like yours and we’ll work closely with our colleagues in other teams to work out the solution that’s right for you.

 

What we can help you with

We can advise you on:

  • succession planning for business owners
  • structuring of family wealth for the next generation
  • protecting assets for children of previous marriages
  • Inheritance Tax reliefs and exemptions for business owners, farmers and heritage property owners

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Company & Commercial Services

Find out more about how we can help you with your legal requirements, with our comprehensive legal services supporting those starting a business as well as growing their businesses. Alternatively, complete our contact form or call us directly to speak to a member of our experienced team.