Comprehensive solutions for business continuity and financial security.

Secure Your Business’s Future with a Business Will & LPA

A business will and lasting power of attorney (LPA) are crucial tools for ensuring the continuity of your business when the unexpected happens.

Discover how to safeguard your company’s future and protect your interests with our expert guidance.

Ready to take the next step?

We can provide a quotation from every insurer in the market for you in just one email or call. We don’t share data, and we don’t send your details to brokers, just a great, personal service that saves you time and hassle and ultimately money.

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What are Business Wills & Lasting Power of Attorney (LPA)?

A business will ensure that your business interests are distributed according to your wishes if you pass away, helping to avoid disputes and ensuring continuity.

A lasting power of attorney (LPA) for business matters grants authority to a trusted individual to make decisions on your behalf if you are unable to do so due to illness or incapacity. Together, they provide a comprehensive solution for maintaining stability and continuity within your company, no matter what happens.

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Key Benefits?

  • Business Continuity: Ensure the smooth transfer of ownership and decision-making if you become incapacitated or pass away.

  • Avoid Disputes: A clearly defined business will and LPA minimise the risk of disputes among stakeholders.

  • Peace of Mind: Knowing that your business interests are protected and managed by someone you trust.
  • Get a quote from every UK insurer in just 60 seconds. No big pitch, no passing your data to numerous brokers, just a great personal service with no pressure.

    Get a Business Wills & Lasting Power of Attorney quote Now

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    How Business Wills & LPA Work

    A business will details how your business assets should be managed or distributed upon your death, while a lasting power of attorney authorises a trusted individual to make key business decisions if you become incapacitated.

    Together, they provide a comprehensive plan for maintaining your business's stability, protecting its value, and ensuring it continues to operate smoothly.

    Learn More About Protecting Your Business Today
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    Who Needs a Business Will & LPA?

    Business wills and LPAs are essential for business owners, especially those who are sole traders, partners, or shareholders. They are ideal for anyone who wants to ensure that their business can continue to thrive in their absence and that their wishes for the company are honoured. For small and medium-sized enterprises (SMEs), this type of planning can be crucial, as losing a key decision-maker without a plan in place can have significant financial implications and create uncertainty for employees and stakeholders.

    Do I need both a business will and an LPA?
    Yes, having both a business will and a lasting power of attorney ensures that your business is covered in both situations—if you pass away or if you are incapacitated and unable to manage your business.
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    Why Choose Executive Life for Business Wills & LPA?

    At Executive Life, we understand the complexities of managing a business and planning for the unexpected.
    Our services include:

  • Expert Legal Advisors: Our experienced advisors will help you draft a business will and appoint an LPA that suits your needs.

  • Customised Planning: We ensure that your specific business requirements are reflected in your planning documents.

  • Transparent Guidance: We provide clear advice every step of the way, ensuring you understand your options and can make informed decisions.
  • Check Your Eligibility Today

    Client Reviews

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    Smooth process, easy to deal with and most importantly they saved me a lot of tax by switching my policy to one that could be paid for by the business.

    James Tonry
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    Recently used them for relevant life and income protection. Professional and informative.

    Ross Hutchinson
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    I set up shareholder protection policies for me and my business partners through Executive Life. They found us competitive quotes and the process was swift. I would highly recommend to other company directors.

    David J
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    Executive Life helped me find the best deal for my life insurance policy and also my income protection policy. It was very easy and the process took no time at all - I would highly recommend them!

    George Mitchell
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    Very happy with the service and process I went through. They explained how the income protection policy worked and how it would be tax efficient for me through my limited company.

    Jodie Newell
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    Case Study: Company Director

    £20,787 Saving With Relevant Life Insurance

    Mr Jones is the Director of Jones & Co Limited and is looking for a £1,000,000 life insurance policy. He could pay for a policy personally from taxed income, or he could pay for a relevant life cover through the company. He is a higher-rate tax payer.

    The premium for both types of policy is identical and both are offered by L&G in this example. The premium for £1,000,000 cover is £85 a month and the policy will last for 20 years.

    If Mr Jones needs to withdraw £85 net a month from his company to pay for the premium on a personal policy, the cost to the company would be £155.46. The increased costs take into consideration the corporation tax and dividend tax paid by the company and Mr Jones to receive a net £85.

    If the premium was paid by the business via relevant life cover, then the business would receive corporation tax relief on the £85 a month premium. This would reduce the real cost to £68.85 and save Mr Jones £20,787 over the lifetime of the policy.

    Find Out How Much You Could Save

    Business Will & LPA vs. Other Business Planning Tools

    A side-by-side comparison to help you understand why a relevant life policy might be better for you than other options

    Business Will & LPA

    • Provides legal authority to manage and transfer business assets upon death or incapacitation.

    Standard Will

    • Does not include specific business provisions, potentially leaving your company vulnerable.

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    Your Questions About Business Wills & LPA Answered

    Common customer questions include:

    What happens to my business if I don’t have a business will or LPA?
    Without a business will or LPA, there could be significant delays in decision-making, disputes among stakeholders, or even a forced sale of the business. Planning ahead ensures your wishes are respected.
    Can an LPA make financial decisions for my business?
    Yes, an LPA can be appointed specifically to make financial and operational decisions for your business, ensuring continuity if you are unable to do so yourself.
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    Free Quotations

    What are the next steps?

    Finding the right Business Will & LPA for you and your company can be difficult. There are twelve primary insurers, and obtaining quotations from all of them takes time.

    At Executive Life, we specialise in finding the right policy for you. We will show you quotations from every insurer in the market so you can choose the right cover for you.

    We will also complete all of your application documentation over the phone and save you the hassle of multiple paper application forms and endless admin. Our team will cover all of that for you.

    Executive Life

    Ready to Protect Your Business's Future?

    Take proactive steps to ensure your business is secure, no matter what the future holds.
    Our advisors are ready to help you create a business will and appoint a lasting power of attorney that meets your needs. Secure your company's future today.

    Arrange Your Free Consultation

    Fill out the form above to receive a tailored quote for business wills and LPAs, or call us directly to speak with one of our advisors.

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