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Business Wills & LPA

A 'Business Will' is essential to every business owner and can save hundreds of thousands and in some cases millions of pounds in inheritance tax when structured correctly.

Don't make the mistake of thinking that a will is just a note of who will inherit your assets if you die. It can be one of the most effective tax planning tools available to a business owner.

Arrange A Free 'Business Will' consultation
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Much more than a standard will
Benefits of a business will:
  • Ensure your business assets remain inheritance tax-free
  • A clear business succession plan for your team
  • The use of 'business relief trusts' to mitigate inheritance tax
  • Piece of mind that your business and personal affaires are in order
Don't leave it to chance
Book a Free Business Will Review

Find out how to secure your future and reduce your inheritance tax liability

Book Now
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Simple solution to inheritance tax

Business Relief Trust

Many business owners leave their shares to their spouse or family if they die. Although this first transaction is usually inheritance tax-free, if the shares are then sold, the proceeds will lose their inheritance tax-free status and could expose them to 40% tax in the future.

We can avoid this by using a 'business relief trust' to ensure the shares and any proceeds that might be received for them remain inheritance tax-free now and for future generations.

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What will happen to your assets?

One risk of not having a Will

72% of widowers under age 50 meet a new partner and remarry. In this event, the £1 million you may have left as life insurance now becomes a joint asset with your new partner, and should your spouse die, it could all end up in the hands of their new husband or wife. This event could affect your plans to ensure your children are looked after or receive an inheritance.

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Its easy to solve

The Simple Solution

The great news is that this is easy to resolve with a will and trust structure. Our team will create a will for you with a trust attached, giving you complete control over how your assets are distributed. This detailed expression of wishes not only protects their inheritance but also empowers your bereaved spouse, as they will know precisely what you intend to happen in the event of your death.

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A must for business owners

Business Power of Attorney (LPA)

A will sets out your wishes in the event of your death; however, if you become incapacitated but don't die, this could leave your family and your business highly exposed. Who could sign off on decisions that need to be made? Who can pay the wages from your company?

These questions are often overlooked but are a massive risk for most people, especially business owners. However, having a business LPA can be the difference between a smooth transition and a potential disaster. It's a legal document that ensures a trusted person can step in and make these decisions for you if required, providing a crucial safety net for your business and your family.

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Secure your families future

Benefits of a Family Trust

Leaving your assets into a trust for your family's benefit has many advantages and is easy to set up and manage. A family trust can allow your family to use the funds and assets while keeping them protected from third parties if your spouse remarries after your death. It ensures that your estate passes to the people most important to you and that your wishes are met even after your death.

They are straightforward to set up, and our staff can advise you on the best options and features to suit your family's needs.

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Did you know your shares could be inheritance tax-free

Inheritance Tax-Free Business Assets

Did you know that in the UK, limited company shares in a business that has been trading for over two years and is not listed on a stock exchange are inheritance tax-free? That means your business assets can pass from you to your family or other beneficiaries tax-free in the event of your death.

To find out if your business qualifies, contact our estate planning team. We can offer you a free estate planning appointment over the phone and tell you exactly what inheritance tax exposure you have, if any.

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Support when they need it most

Bereavement Service

As part of the service, we also offer bereavement support. In the event of your death, your spouse will have access to one of our FCA-regulated financial planners, who will explain how to claim life insurance and discuss your intended plans for the policy. They can also guide investors on how to invest funds in a way that ensures their long-term security. We are here to support you and your family every step of the way.


The Final Part of a Diligent Plan

You've done the hard work by putting the right insurance in place, so completing this work with a secure will and trust structure will give you the peace of mind that your family will be fully protected now and in the future.

Don't leave it to chance
Book a Free Business Will Review

Find out how to secure your business and personal future and reduce your inheritance tax liability

Book Now
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Ready To Get Cheaper Business Life Insurance Premiums?

Ready to start getting cheaper business life insurance premiums? Contact our team of dedicated life insurance advisors and wealth managers today to arrange your free consultation.

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Relevant life insurance tax advice
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