Whilst it’s surprising to know that two thirds of adults in the UK don’t have a personal Will in place*, even fewer have any kind of Will/Trust for their business. This can often be the biggest asset an individual owns and is the sole source of their family’s income. Losing control of the business or not getting the value out of it are concerns that Scarlett Financial Services can help with, making sure that the assets of your business are distributed how you want and that your family gets what they deserve. A business Will/Trust can ensure:
Family members receive their designated share of your business
The value of the business is passed in a tax efficient way
The business can continue in your absence, providing an ongoing income to your beneficiaries
Any remaining shareholders/partners keep control of the business they helped build
As well as making sure that the above are dealt with by having the correct Will/Trust, our advisers can make sure that you also have suitable protection in place to guard against the risks of death to a business owner and put the correct agreements in place so that you decide the outcome.
Scarlett Financial Services do not provide a Will writing service, but we are aligned to suitably qualified solicitors who we can refer you to.
Scarlett Financial Services do not provide a Will writing service, but we are aligned to suitably qualified solicitors who we can refer you to.
The Financial Conduct Authority does not regulate Will Writing and Trust Advice
*Source – http://www.lawsociety.org.uk/news/press-releases/millions-of-britons-have-no-will/