PLAN FOR YOUR BUSINESS & AGRICULTURAL ASSETS IN BEDFORD
In Bedford, Morgan de Vere Wills & Trusts LLP advise on business & agricultural assets, helping owners plan for orderly succession and estate protection.
Schedule a consultation to review your holdings.
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INHERITANCE TAX PLANNING FOR BUSINESS ASSETS
Business relief may reduce inheritance tax (IHT) on your assets, but if your family later sells the business, the proceeds could face IHT again. Without careful planning, up to 40% of your business value may be lost to future generations. Proper guidance helps protect your legacy and minimise tax exposure.
PROTECTING YOUR BUSINESS FROM 3RD PARTY CLAIMS
Your business share forms part of your family’s estate, making it vulnerable to divorce settlements, creditors, or bankruptcy claims. Without appropriate protection, these risks could affect your family’s financial security. Legal strategies are essential to safeguard your business interests against unforeseen third-party claims and ensure long-term stability.
IMPORTANCE OF CROSS-OPTION AGREEMENTS
Cross-option agreements are crucial for business succession planning because they ensure a smooth and efficient transfer of shares upon the death or incapacity of a shareholder, protecting the business and the interests of all parties involved. They provide a framework for the surviving shareholders to acquire the deceased shareholder's shares, often with the help of life insurance, ensuring the business remains intact and avoids potential conflicts
SPECIALIST TRUST PLANNING FOR BUSINESS AND AGRICULTURAL RELIEF
Business and agricultural reliefs can be lost without specialist trust planning. Trusts help maintain valuable tax reliefs and secure assets for future generations. Tailored estate planning ensures your business and agricultural holdings remain protected, maximising reliefs and reducing tax liabilities to safeguard your family’s wealth.
SECURE CONTINUITY FOR WHAT YOU HAVE BUILT
Our guidance on business & agricultural assets gives you confidence in your succession plans—give us a quick call to talk it through.
