Will drafting for business owners

This webinar aims to help practitioners understand the key factors involved in transferring businesses to the next generation. By the end, you will be better equipped to provide estate planning advice to business owners, guiding them on how to effectively pass on their businesses through their wills.

Topics covered include:

• • Business structures and rules of succession.
  • Business Property Relief – when its available and what you need to check
  • IHT Problems in relation to mortgages to fund businesses
  • Why business property should be left as a specific legacy and not part of the residue of the estate – the spreading provisions
  • The so called double dip system – how this works and why it can be advantageous
  • Additional powers for Trustees to conduct business and to what extent do the STEP provisions cover this
  • Sample clauses for consideration
  • Family Investment Companies and Wills