How can I preserve my business assets for my family?

Hard work and dedication has meant that you have built up a sound business to benefit you and your family. Naturally you would want to ensure that your loved ones are provided for in the event of your death. So what if the worst should happen and either you, or a business partner were to die?

Do you know who would actually be entitled to this share of the business?

Without a valid Will the deceased’s share would be subject to the Laws of Intestacy and the person who inherits may not be the person you intended. Would you or your business partner be content to run your business with their surviving spouse or their beneficiaries? This could have a major impact on the running of the business or the value of the business may now go down following the death of such a key person.

Without the appropriate Business Succession strategies:

  • Your spouse / partner and children may not inherit your share of a business
  • Business partners may not be able to buy out the deceased’s share
  • The surviving spouse or children may be obliged to take over the running of the business
  • The value of the business could depreciate owing to the inexperience of any beneficiary
  • The business may have to be sold and the proceeds become liable to Inheritance Tax

We are able to assist in all areas planning surrounding Business Succession.

Our key services

Who are we

With increasing property and asset wealth, people are now discovering that estate and inheritance tax planning is no longer just a matter for the privileged few.

Bennison Brown Estate Planning was set up for our customers as we are increasingly seeing, particularly in the London area, seemingly ordinary families dragged into facing issues not previously relevant to previous generations and confronted how they protect these assets for future generations.

Bennison Brown Estate Planning Ltd work in conjunction with Countrywide Tax and Trust Corporation providing advice in all aspects of estate planning and asset protection. From organising a simple will, trusts, advice on protecting your home from care or more complex issues such as mitigating tax, we can provide you with the perfect solution to achieve your aspirations.

Countrywide's directors and many members of staff are STEP qualified (Society of Trust and Estate Practitioners) meaning they are internationally recognised experts in their field.