Essential Inheritance Tax Strategies for Business Owners

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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…

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Cross Option Agreements & Shareholder Protection Explained

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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…

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Protection & Succession Planning for Family Owned Businesses

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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…

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What Happens Following the Death of a Shareholder?

5 local charities benefit from chosen status

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…

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6 Common Issues with Managing a Trust

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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…

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Calculating Share Values for Probate

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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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Understanding Wealth Protection & Tax Planning with Trusts

Consideration to inheritance when entering marriage

Everyone wants to look after their family’s future and ensure subsequent generations can benefit from their hard-earned wealth. Two of the key elements of this is to protect assets and reduce tax liability, thereby safeguarding as much of what you own as possible. But how should you go about this? The answer lies with setting…

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Can I Sell My Business Before Divorce?

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If you own a company, you will want to protect it in the event of a marital breakdown. You may be unsure of what will happen to your company during divorce or concerned about how your assets would be divided between you and your spouse.   One of the many questions you might be considering in…

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How are Assets Divided in a Divorce?

Divorce and Separation Solicitors

One of the most common questions separating spouses have is “how are assets divided in divorce?” For some, potentially sensitive conversations about finances can lead to significant delays in obtaining a financial remedy order. When there are disagreements over the likes of unmatched contributions and how much each party will need, the potential for conflict…

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What Makes a Complex Divorce?

Employment Disputes

Tackling the end of a marriage or civil partnership is rarely easy. A number of factors can quickly mount up to make the entire process much more complicated.  While every relationship is unique, understanding the common features of complicated divorces should help to shed light on your circumstances and make clear the options available to…

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