When we advise clients about business insurance and succession planning, we start by finding out the most important issues in the specific case. Once these have been identified and prioritised, we can then recommend a suitable way forward.
In doing so, we will advise on:
• The options available.
• Their costs.
• Tax implications.
• Methods of valuing the business.
The death or critical illness of a business owner can lead to unexpected or undesirable consequences for those left behind. Taking the opportunity – well in advance of such an event happening – to plan for such a situation can help crystallise what you want to happen to your business after your death, and to identify how best to ensure that this will actually come about.