Business succession planning
You’ve created and grown a successful business, but now your time has come to step aside and appoint a successor who will look after your business to ensure it continues to thrive. Business succession can be a very stressful process, as your decisions can ultimately affect the future of the businesses and situations are different, which is why our team of expert business succession planning solicitors can help to create a plan tailored to you. We will guide you through all the aspects of your business succession, including:
- Reviewing existing legal agreements that might determine the value of your business
- Where appropriate, discussing with any business partners or family members that might be involved
- Making sure that your will reflects your succession plans
- Considering how the business can continue to be managed in the event of your planned or unexpected absence
- Effective use of all available tax reliefs, for example Business Property Relief
- Keeping all your legal papers up to date and in a secure place
In 2017 we received the Law Society’s prestigious Excellence in Private Client Practice award for our work in this area of law.
We can provide different pricing options depending on your budget and we are happy to have an initial chat without obligation – contact us today.
Contact Us
North, South, East or West. Wherever you are, we’ve got you covered. Contact us today for an informal chat, without obligation. We look forward to hearing from you.
Wills, probate & private client news
Family Law Executive Cate appointed as Mayor of Teignmouth
Cate represent parents in pre-proceedings (PLO) with the local authority and within complex care proceedings through the Family Court as well as advising grandparents who seek to care for their grandchildren. Outside of her work at Wollens Cate is busy being elected as Mayor/Chair of Teignmouth Town Council on the 14th May 2024.
Succession and tax planning for high-net-worth families
‘Whether you have built up a portfolio of assets through business activities, savings and investments, or you have inherited a significant wealth, it is important to plan efficiently in order to minimise tax implications,’ says Jon Dickson a Partner in the wills and...
Powers of Attorney vs Deputyship
Most people are keen to make a will to ensure that their estate is dealt with in line with their wishes once they are gone, however, there is a common theme of ignoring that same estate within the lifetime
Succession and tax planning for high-net-worth families
Our wills and probate solicitors can provide bespoke advice for your high-net-worth estate and your individual family circumstances.
Providing for a pet in your will
Our wills and probate solicitors can assist in ensuring that your beloved pets are provided for after your death
Keeping legacies in the family and out of court
With disputes rising as the validity of more wills are being challenged, it is important to review and update to assure inheritance plans.
Wrapping up the administration of an estate after probate
Our wills and probate solicitors can help you to ensure that all final estate administration is dealt with appropriately.
Why Everyone Needs a Will
In today’s fast-paced world, it’s easy to put off important tasks, and writing a will is often one of them. However, having a will is crucial for ensuring your wishes are carried out after your death and providing peace of mind to your loved ones. In this comprehensive guide, we’ll explore the importance of having a will, and the steps to take in order to secure your legacy.
Common Myths about Inheritance Tax Planning: Busting the Misconceptions
Inheritance tax planning is a crucial aspect of financial management, yet it is often shrouded in misconceptions and myths. As the New Year begins, it’s an opportune time to debunk these common misunderstandings and shed light on the realities of effective inheritance tax planning. In this article, we’ll address and dispel some of the prevalent myths surrounding inheritance tax, providing clarity for individuals and families seeking to secure their financial legacies.
Distributing the gifts in an estate after probate
The rise in the popularity of women’s sport is finally showing signs of closing the gap on men both in terms of parity of pay and sponsorship opportunities. However, there is still a huge chasm in sports where women are a long way from the rewards and recognition received by their male counterparts. Many sportswomen are household names for their performances in their chosen sport. Some women are heralded as sporting icons. Pay and sponsorship deals have increased. But the women are still a long way behind their male counterparts