How would your family obtain full value for the business on your death?

Are your partners independently wealthy? Would they want to acquire your shares? Would your spouse have to remain a longer term shareholder? Would there be a distressed sale?

These are just some of the questions that your next of kin would NOT want to have to contend with in such circumstances. Then there is the reverse scenario of you having a moral obligation to your partner’s family; and you may have to put up with their interference or their appointment of a representative.

The simple answer is for each partner’s or shareholder’s value to be independently insured. We can provide the following advice and administration:

• Length and type of policy
• Financial Underwriting guidance
• Appropriate trust documents and trustee guidance
• Clear agreement with put and call options
• Ongoing reviews of cover

The above actions will ensure that each partner’s family receive the full cash value of their share whilst the remaining partners have 100% ownership of the business going forward.

Contact us now to find out more about how you can protect all you have built.