In addition to this, shares held by directors in family businesses are often inherited by beneficiaries who have not historically been involved with the company and are unlikely to have the relevant skills and expertise needed to take the company forward.
Directors’ share protection can provide a lump sum in the event of the death or critical illness of a director/shareholder. This sum can be used to offset the costs of replacing lost expertise and to assist the remaining directors to “buy out” the deceased’s beneficiaries.
At Milsted Langdon Financial Planning, our directors’ share protection experts can advise you on the best solution for your business, ensuring that the death of a key director/shareholder need not spell the end of the company.
To find out how we can help you in this respect, please contact our specialist advisers.
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Milsted Langdon Financial Planning is a trading name of Financial Planning for Professionals Limited which is an Appointed Representative of Milsted Langdon Financial Services Limited which is authorised and regulated by the Financial Conduct Authority.
Financial Planning for Professionals Limited: Registered in England. Registered No. 7022172. Registered Address: Winchester House, Deane Gate Avenue, Taunton, TA1 2UH. Milsted Langdon Financial Services Limited Registered in England. Registered No. 3953890. Registered Address: Winchester House, Deane Gate Avenue, Taunton, TA1 2UH.
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