Whatever your goals, we offer intelligent, expert solutions which are tailored to your particular needs. The following case studies describe a variety of situations where we can help you avoid costly mistakes:
Passing on the business
Robin is about to turn fifty and is considering a long-term strategy for his exit from the successful private business he started twenty years ago. He is the majority shareholder and ultimately wants to transfer the business and other assets to his children, Jonathan and Julie, and their families. He is concerned about the tax consequences and also wants to retain stewardship of the business for the time being as Jonathan has not yet shown that he is able to carry the mantle and is a little reckless with money. He is also concerned about handing assets to Julie, whose marriage is going through a bad patch and might end in divorce. What is the safest way to pass on these assets to the next generation and can he achieve this whilst retaining control?
What should I do next?
These are just a small selection of instances where you should obtain expert advice before taking action. Our strength is in analysing your position, recognising any pitfalls and providing creative and thoughtful solutions that suit your circumstances. For further information contact trusts@lanesmithshindler.com or telephone 0845 658 48 48.
