Sam Thornton, Head of Private Wealth at BPE Solicitors, presents a guide to estate planning for business owners. Sam Thornton, shares his knowledge on what business owners should know when writing their will in this interesting article with Insider Media.
Sam and the Private Wealth team have extensive knowledge regarding every stage of the estate planning process, including steps specifically catered to help vulnerable clients.
Whilst managing daily business activities and focusing on growth, many owners neglect to consider the future of their business after they pass away or become incapacitated. Careful planning can ensure the continuity of the business, protect its value, and reduce the burden on the next generation.
Business owners have so many decisions to make every day, so it’s only natural that some things can get forgotten about. Did you know that BPE Solicitors LLP’s Private Wealth team can advise owner-managed businesses on succession planning, as well as advising on the traditional estate planning essentials?
Estate planning is essential for business owners, offering peace of mind that their business and family will be protected when they are no longer around. A well-structured estate plan ensures that the business can continue to operate smoothly, tax liabilities are minimised, and reduce the risk of conflict.
It is advisable for business owners to work closely with legal professionals who specialise in the area. BPE Solicitors LLP provide specialist support for businesses, their owners and families from their offices in Cheltenham. Partner Sam Thornton TEP heads the Private Wealth team.
To find out more information about how Sam and the team can help you, please check out the Private Wealth section of our website.
Click here to read the full article on estate planning for business owners.
