With the correct business succession planning in place you, your family, your business and your business partners can be safe in the knowledge that you have the right protection in place in the event of your death, critical illness or mental/physical incapacity.
Through effective ring fencing and planning, your business assets can be from both inheritance tax and claims by third parties, such as divorce or creditors, on your beneficiaries.
Dying without the correct planning in place could have a major impact on the running of your business, your employees and on the value of your business following the death of such a key person.
Without the right planning, valuable tax allowances could be lost and your estate may end up paying more Inheritance Tax than necessary. Our advance planning can also provide additional tax planning opportunities frequently overlooked by other professionals.
Owning a business, a business interest, or shares has a real impact on how you should write your Will and plan your estate.
It’s important to carefully consider who you want to inherit your shares or business interests. Having the appropriate business succession planning can help you make sure they pass on to the right person.
Many business owners are keen for their family to be involved with their business, or you may want to pass it on to a trusted employee.
Alternatively, you may want to leave your family a sum of money equal to the value of your business or your company shares, rather than the business or shares themselves. We can ensure that you have the right structure in place to fulfil your wishes.
Strathmore Wills & Estate Planning are specialists in providing advanced succession strategies to business owners for both lifetime and death-time planning. We implement flexible frameworks to ensure that business shares, or the capital from the sale of the shares, are protected from social impacts and third party claims, such as a divorcing spouse, or creditors whilst also providing next generation tax benefits for your beneficiaries.
Went from solicitor to solicitor for advice about the best inheritance planning for my three children, and I never got any clear advice other than quotes for their service and confusing jargon. The consultant at Strathmore made it simple and easy for me. Thank you for your help.
Nirmala Bhandari
Great customer service and knowledge. Extremely pleased with the long term financial planning I was given. Very happy to recommend.
Samara Johnny
Kamal made my life planning for my wife and children, and potential future generations so simple. I would encourage anyone to fix an appointment with Kamal at Strathmore Wills and have a constructive discussion about their life & estate planning. Trust me you will very surprised about what you are not aware of, and Kamal is best placed to help your future planning.
Dr. Amarpreet Dhiman
My overall experience with Strathmore UK Investments Limited, Romford was excellent. I consulted them to draw up and new will and family trust, they did a very good job and were both polite and professional. I received speedy, thorough and efficient service and professional advice. Strathmore were very easy to contact by telephone and always replied to written and email queries promptly. I felt very comfortable with the level of service, and with the advice which I received and I would happily recommend them to others.
Dr Ann Williams
I used Strathmore Wills & Trusts recently and I found them extremely professional, polite and friendly, they met all my expectations and I would definitely recommend them to others, a 5 star service.
Danielle Chambers
I had a lovely gentleman come out three times to help me draw up my will, the service he provided was exceptional, and he was very helpful and always on time throughout. I would absolutely recommend the company to others.
Mrs Ellen Reynolds
I found the service provided by Strathmore Wills & Trust was very good and I have no complaints, They have helped us with will writing and we are still going through the process of power of attorney with them. Kamal has been excellent, initially we went to the office but Kamal has since visited us twice and is always punctual for appointments. I would definitely recommend them as they have been very helpful to us and provided a caring service.
Elvira Maria
I used Strathmore Wills & Trusts will writing service and found the process was wonderful and very hassle free. I went to their office and the staff were extremely friendly throughout and the office was nice and clean. I would highly recommend them to others.
Stavroulla Maragou
I found using Strathmore Wills & Trust to be very positive, I used their LPA service and the whole process was smooth and understandable. The staff came to me and arrived on time and were very professional and friendly. I would highly recommend their services to others.
John Gurudas
