Business Succession Planning
At Rix & Kay, we understand that everyone’s circumstances are different.
We also understand that Estate and Succession Planning can be difficult at the best of times but particularly when your estate includes a family business that you have built up yourself over the years.
There are usually different family interests to consider. What do you do if one child works in the business and one does not? How can you safeguard the business if your child gets divorced? How can you treat your children equally if you want one to inherit the business but not the other? What tax reliefs are available? How can you plan your exit from the business but retain some control?
Rix & Kay offers a complete service to business clients. We advise on the way in which business interests can be dealt with and we help ensure your company documentation covers all eventualities. Shareholders often assume their shares will pass to the beneficiaries named in their Will, but this can only happen if the company documentation allows the shares to pass in this way.
If you have business interests, your Will cannot be drafted in isolation. Working closely with our colleagues in our Company Commercial department, we offer a full service.
For further information about possible options and the services that we provide in relation to your businesses, please read our Owner Managed Business factsheet.