Succession issues for Owner/Managers

If you are questioning the long term future of your Family Business and you are exploring the options available, we can advise on issues in relation to succession planning.

We work closely with our corporate department in identifying strategies including using the vehicle of trusts, Family Sale Arrangements and Third Party Sales. We also advise on business related inheritance tax issues, including business property relief and agricultural property relief.

For more information please, contact Michelle Rose.

Work experience/case studies:

  • We have acted in respect of the restructuring of trusts holding shares in a family business including the creation of a new family discretionary trust and the provision of related inheritance tax and capital gains tax advice.
  • We are responsible for advising trustees of a family trust which owns a family business with turnover in excess of £30 million.
  • We advise a family owned hotel business in respect of succession planning and inheritance tax issues.
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Michelle Rose
Partner and Head of Private Client Team
Email:  
0117 314 5246

Online literature

Will service pdf
We provide a 'postal Will', an 'on line' service, and a more traditional service where clients are able to come into the office to discuss their requirements.

Spotlight on family trusts pdf
A brief summary of the different types of trust that we are able to provide, their uses and benefits.

Deeds of Variation pdf
The use of Deeds of Variation to provide better outcomes after someone has died, whether the aim is to save inheritance tax or to achieve an alternative distribution of the estate assets.

The use of Discretionary Trusts in inheritance tax planning pdf
A summary of the ever popular nil rate band discretionary trust, and how these can, in many instances, save a family well over £100,000 in tax.

Family business pdf
Describes different ways of protecting the family business from Inheritance Tax, marital breakdown etc and the numerous ways in which the business can be smoothly passed from one generation of the family to the next.

Inheritance Act claims pdf
Facing or making claims under the Inheritance (Provision for Family and Dependants) Act 1975. We have extensive experience of both bringing claims and defending against them.

Exemptions from Inheritance Tax pdf
Provides a brief summary of the mains exemptions from inheritance tax.