Estate and succession planning for business owners

Date: Tuesday 2nd July

Time: 09:00 for 09:30 till 11:00

Estate and succession planning for business owners

Venue: Clarion Solicitors, Elizabeth House, 13-19 Queen Street, Leeds, LS1 2TW

Speakers: Stephanie Parish of Clarion and Charlie Thompson of LGT Wealth Management

When you have built up a successful business in your lifetime, ensuring that this value is maximised and protected for your family upon your death or incapacity is often overlooked. However, there are significant advantages to your family in starting to consider (and often reconsider) your plans.As part of Connect Yorkshire’s focus on succession planning, Stephanie Parish from Clarion Solicitors is discussing estate and succession planning for business owners and individuals, looking at areas of consideration to protect your family’s future financial position.During this session we will cover the following topics;

• Ensuring business owners have the essentials in place to protect their business in case of:
• Death of a shareholder
• Incapacity of a shareholder
• Divorce of a shareholder
• Basics of inheritance tax and how to mitigate this through Will and Estate planning. Specific Will planning for business owners being the focus.
• Helping the next generation through lifetime gifting – how best to do this. What happens if one child is involved in the business, and the other isn’t?
• Explaining the importance of powers of attorney - Who can manage your affairs if you lose capacity? Types of power of attorney. What happens if you lose capacity without a power of attorney?

Stephanie assists and advises clients nationwide on a diverse range of legal issues from Wills and powers of attorney to inheritance tax and succession planning. Many of Stephanie’s clients are business owners and entrepreneurs. She provides expert advice regarding the probate procedure after a death and her specialism is assisting those families where the estate is high value, complex or requires post-death variations.

Host or Publisher Connect Yorkshire