Whether businesses are conducted through a partnership, company or trust – few have effective mechanisms in place for the transfer of control in case of death, illness or retirement of one of the principals.
What if you had to work with your partner’s family members as part-owners? How do you ensure the value of your main asset can be realised by your beneficiaries? What happens if your partners can’t buy you out? What if you want a family member to take over your business?
Our services include:
- Tax-effective buy/sell and option agreements.
- Shareholder or unit holder agreements.
- Lease options.
- Funding arrangements.
- Trusts for insurance policy proceeds.
Estate Succession Planning
This involves considering how your estate and your family may be impacted by Capital Gains and other taxation issues, Matrimonial or Domestic Partnership Law, and exposure to business risks.
Your family may have special needs or you may wish to have greater control over who benefits from your estate. This often involves a review of the current structure and control of your assets. We may then recommend that you put in place options or directives to take effect on your death or that you should have a Will that creates Inheritance Trusts or Estate Trusts.