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ARTICLE · 15 APRIL 2013

Succession Planning For Business Owners

Wedlake Bell LLP
Wedlake Bell LLP
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Wedlake Bell LLP

Wedlake Bell LLP

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When considering your business interests and strategy for the future make sure that the businesses in which you are interested are properly equipped for the unexpected and make the most of the Inheritance Tax reliefs available.

United KingdomTax
Jenny Cutts
Jenny Cutts
Shveta Nehra
Shveta Nehra

When considering your business interests and strategy for the future make sure that the businesses in which you are interested are properly equipped for the unexpected and make the most of the Inheritance Tax reliefs available.

Our specialist estate planners work closely with our corporate colleagues to provide planning advice to business owners. Consider the following:-

1.Make a Will/update your existing Will

Your Will can be used as a planning tool, not only to make sure that you leave your business assets to beneficiaries of your choosing but also to make sure that you make the most of the Inheritance Tax reliefs available on your business assets.  Under your Will you can also ensure that you choose executors who understand your business affairs and who can either take over the running of your business on your death or properly transfer your shares in a business to your beneficiaries. Make sure that your Will terms are reflected in the constitution of

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