Stephensons Solicitors LLP Banner Image
Stephensons Trustpilot stars
Based on count 1564
View all reviews

Succession and estate planning for business owners

The death of a business owner or business partner can potentially have a major impact on the continuation of a company. Our specialist solicitors can advise on a range of Will writing and inheritance tax planning services for business owners, whether for sole traders, partners or shareholders of limited companies.

To speak to one of our specialists please call us on 01616 966 229 for a no obligation initial discussion. We have a team of approachable but professional experts who will talk to you about your situation, without legal jargon. They will be pleased to discuss with you what we can do to help you protect your family and business. If you don’t want to call us initially you can contact us at a time most convenient to you, anytime of the day or night, through our online enquiry form and we will get back to you as soon as we can to see if we can help.

Why do business owners need to consult estate planning solicitors?

Whilst it’s not something that anyone really likes to think about, if a business owner or partner passes away without having a plan in place for what will happen to their business, any employees or other partners, it can cause significant problems for those left behind. If there is a valid will in place that covers business matters, this means that there is no ambiguity over what happens with the company, that financial interests of loved ones can be more easily safeguarded, and it can minimise the stress for all involved, at what can already be a very upsetting time.

Estate planning for companies is an essential consideration for business owners, shareholders and partners. Get in touch with our estate planning lawyers for more information on how we can help you by providing services, such as writing and witnessing Wills for business owners and partners.

Assistance with estate planning and business succession planning

As business owners approach retirement and start to think about succession or want to ensure that plans are in place just in case something unexpected happens, Stephensons can help you prepare for the next phase for your company. Whether it’s the legal work that goes with bringing in new partners or shareholders, drafting a Will for business owners or any other legally required element of succession or estate planning for business, our expert team can help.

Business estate planning tax implications

If you’re a business owner, there may be some inheritance tax exemptions or relief available on certain business assets when you pass them on in your Will, or indeed if they are handed over in your lifetime. We can offer expert advice on tax in relation to this, along with clear information on all aspects of estate planning for your company, as well as with the succession process. This can not only make the end process more straightforward for all involved, it can give everyone peace of mind that there is a plan in place for this kind of eventuality.

With significant experience in Wills, probate, tax and succession planning for businesses, we’re ideally placed to advise you on all of the considerations involved and to make sure that you have all the legal assistance you need. Get in touch with Stephensons today for more details of how we can help, call us on 01616 966 229.

Further information

The advice provided to non-face to face clients will be through electronic or written communication only e.g. by telephone and email. Stephensons Solicitors LLP assumes no responsibility for, and shall not be liable for, (a) verification of mental capacity or testamentary capacity (b) verification of any undue influence or duress involved (c) the execution of any documents.

loading staff

4.5out of 10
4.5 score on Trustpilot Based on count 1564

We're Great

It is our business to deliver legal services that work for our clients, and you can trust our specialists to take care of things on your behalf.

Our Trustpilot reviews

Do I need Probate even if there is a Will?

It is a common misconception that Probate will not be required when a person has passed away leaving a valid Will. In fact, the requirement for Probate depends on the type of assets in the estate, the value of these assets and the way in which they...

Read more

Wills and Probate Twitter Block


Inheritance Tax hits more homeowners

HMRC have recently published tax receipt data which shows that the amount received by the government in Inheritance Tax between April and May 2022 has increased by £100 million over the same time last year. It’s probable that this is because...

Read more

Wills & probate staff reorder

  • Jill Rushton​
  • Claire Booth
  • Rachelle Nuttall
  • Charlotte Huxley
  • Katie Mayren
  • Sophie Holmes
  • Rachel Haywood