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Our Simple Process to Success
Whether you are writing your will for the first time, planning how you want your estate to be treated after you’re gone, or putting support in place should you need it, our process is simple and effective.
Get to Know You:
We run through a detailed fact find so that we can really understand what you want to achieve.
Apply Our Expertise:
We Support You:
We know some of the decisions you will make are difficult, so we’ll listen, advise and support you through the whole process.
The Paperwork:
Will
Passing a business interest or shares on to a beneficiary can be complex and attract a tax liability for the individuals to whom you wish to leave your business assets. Incorporating this aspect of your estate into your will can ensure that any tax liability is mitigated, and your beneficiary receives everything that you planned to leave. It also means that your wishes will be carried out. This can be particularly important where you are leaving an operating business in your will.
We can help you consider what you need to do to ensure that you leave your business interests in the most tax-efficient way, and record your wishes and detailed instructions for your beneficiaries.
Trusts
Placing your business interests in a trust can be an effective way of ensuring that your business continues so that your beneficiaries can take part in its operations, and enjoy its ongoing success. There are several different types of trust, and all have complex requirements to meet when they are set up. We recommend that you seek professional advice when setting up a trust to avoid a challenge in court.
Here at Will Protect we can advise on whether a trust is the best vehicle to preserve your business interests, and our expertise in this area means that we can work with you to incorporate the right trust in the business aspect of your estate planning.
Business Lasting Power of Attorney
Have you considered what you would do if you were incapacitated as part of your business contingency planning? Could your business continue? Even the simplest things like paying bills, managing your bank account could become difficult. And contracts with suppliers and customers could become null and void.
With our help, you can create a Lasting Power of Attorney that addresses all of the issues and lays out clear instructions for the continuation of your business should become incapacitated through illness or injury.