BUSINESS CONTINUITY

The "Business Will" Checker

If a shareholder dies, their shares pass to their family. Do you have the cash to buy them back?

£
50%
CASH REQUIRED TO RETAIN CONTROL
500,000
Without this cash, the surviving spouse/family becomes your new business partner.
❌

Without Protection

You must find £500k from bank loans or savings. Or, the family keeps the shares and dividends.

✅

With Protection

An insurance policy pays £500k into a Trust. You use this to instantly buy the shares. You keep control. Family gets cash.

Shareholder FAQs

What is a "Cross Option Agreement"?

It is a legal document that works with the insurance. It gives you the option to buy the shares, and the family the option to sell them. It prevents the family from forcing entry into the business.

Is this tax effecient?

Yes. Typically, the premiums are paid by the business. The payout is tax-free if set up correctly in trust.

Does it cover Critical Illness?

It can. Many partners want to exit the business if they have a severe stroke or cancer. This provides the funds to buy them out comfortably.