Succession

One of the main factors in managing succession well is to start planning early. Too often this issue is pushed to one side in favour of more appealing tasks, resulting in uncertainty and, in some cases, financial loss for the family.

Read our insights below which cover the complexities and key considerations when succession planning and what support you may need to ensure the best strategy and outcome. 

The family business – do you have a succession plan?

19 December 2019

Shares, built up over a lifetime of hard work in a family or ‘owner managed’ business may be your most valuable asset. Effective planning is essential to ensure a successful transfer of the business to the next generation. Find out what the key considerations are in implementing the most tax efficient solution to family business succession.

Succession and the law

19 December 2019

Mortality, no one really likes to think about it. Some people’s view is “what do I care? I’ll be long gone”. Others prefer to leave their affairs in as orderly a state as possible. Whichever camp you are in, legal steps need to be taken. Find out what the most tax efficient steps and actions available to you are.

Future proofing your family wealth

19 December 2019

The Office of Tax Simplification (OTS) has recently released its second report following its review into avenues to simplify Inheritance Tax (IHT). As anyone who has had the pleasure of dealing with the complexities of IHT – in their own lifetime or after the death of a loved one – will know, it is not easy to navigate the various reliefs, allowances and exemptions to ensure tax efficiency. Find out what is best practice when navigating this complicated landscape.