Essential Inheritance Tax Strategies for Business Owners
As a business owner, you’ve doubtlessly poured countless hours and effort into building up your enterprise. This makes it crucial that your time, hard work, and capital don’t go to waste — so, how can you preserve as much of your wealth as possible for future generations? One significant challenge in this endeavour is Inheritance…
Read MoreProtecting Digital Assets After Death [A Guide]
As the internet has become evermore prevalent in our daily lives and routines, digital assets now form a significant portion of many people’s estates. Despite this, there remains considerable confusion when it comes to managing such assets during probate and estate administration. To assist you in navigating this complex legal terrain, we’ve crafted an in-depth…
Read MoreCross Option Agreements & Shareholder Protection Explained
Building up a successful business requires a huge amount of hard work and dedication. As a result, you’ll undoubtedly want to ensure the fruits of your labour can be enjoyed by future generations and that your company will be protected should something ever happen to you. Shareholder protection and cross option agreements are two incredibly…
Read MoreProtection & Succession Planning for Family Owned Businesses
Family businesses form the backbone and the heart of UK industry, covering all sectors from boots-on-the-ground farming to head-in-the-cloud technology. Their success is the result of extreme hard work and dedication, so it’s no surprise that company owners will want to ensure their firm will be kept safe for future generations, and any wealth they…
Read MoreWhat Happens Following the Death of a Shareholder?
The death of a shareholder can not only be a difficult time for the family, but also for the business itself — especially if the individual is also a director of the company. Building an enterprise and making it a success takes a great deal of effort, often meaning estate planning is pushed down the…
Read More6 Common Issues with Managing a Trust
Trusts are an invaluable part of any comprehensive estate planning strategy. These versatile legal agreements have a variety of uses, from protecting wealth and limiting tax liabilities, to avoiding probate and safeguarding assets for future generations. Given that the process of managing a trust can be complicated, it’s common for disputes to arise over their…
Read MoreCalculating Share Values for Probate
When someone passes away, their estate needs to be administered and distributed to beneficiaries. As part of this process, the deceased’s assets are valued to determine how much inheritance tax is owed. In the cases of wealthy individuals, entrepreneurs, business owners, etc., it’s common for these people to own a variety of different shares and…
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