Important Information for

Business Owners

0845 388 3454

Website: www.prestigetaxandtrustservices.co.uk

Email: info@prestigetaxandtrustservices.co.uk

“Securing Futures for Everyone”

In association with Supporter

We are a firm of Will Writers and Estate Planners and Administrators.

Our Legal Department have more than 30 years experience in Will Writing and Estate Planning

and Administration.

We even provide training for other Will Writing firms.

We will visit you at home or your place of business if required. You will not need to travel or to

lose time from work in order to talk to us.

Writing a Will for a business owner is a job for an experienced specialist. We can offer you that experience

and that speciality

IT’S NEVER TOO EARLY BUT

OFTEN, SADLY, TOO LATE TO MAKE A WILL.

DON’T RISK IT!

Question

“My business is in the form of a Sole Trader/Partnership/Private

Limited Company does that present any problem for passing on

my business interests?”

Answer:-

Sole Trader

“Without a properly worded Will

your Personal Representatives

will not have the Power to carry

on your business and must sell

it for what they can get for it.”

Partnership

“Without a written Partnership

Agreement to deal with the death

of a Partner, the Law says that

the Partnership is ended.

A properly worded Will should

reflect the provisions of a

Partnership Agreement.

Your Business Partners

may not be happy to accept

your beneficiary as a Partner”

Private Limited Company

“Do the provisions of the

Articles of Association of

your Company permit what

YOU wish to do with YOUR

share in the Company?”

Our Legal Department have more than 30 years experience in dealing with

Wills, Power of Attorneys, Trusts and Estate Administration for business

owners and their families.

As a business owner you will be aware of the many pitfalls and obstacles you

need to overcome to make your business successful. No doubt much financial

planning and careful management goes into making a success of your

enterprise. Sadly what is often overlooked is the underpinning of all the hard

work by writing a properly worded Will.

Such a Will can enable you to make provision to maximise tax relief available to

business property owners and even carry that relief to a later generation. You

can enable persons nominated by you to carry on the business, provide an

income from the business to your spouse/partner for life and then pass on the

business to children, grandchildren or other nominated beneficiaries in a tax

efficient manner.

We visit our clients in their home or place of business, if required, in order to

discuss their needs and to take their instructions. They do not need to lose

time from work or to travel anywhere to get a Will made.

MY BUSINESS IS MY PENSION!!

Many hard working business owners take this view and put all their efforts

into making it come true

What happens if the business owner doesn’t survive to retirement?

Is their any relief from Inheritance Tax for my business interests?

Can I extend that relief beyond my life and the life of my spouse/partner?

Can my business be carried on to provide an income for my spouse/ partner

during their lifetime?

Can my Executors carry on my business until my children/grandchildren are

old enough to take it over?

The answer to all these questions is YES, PROVIDED you have put a properly

worded Will into place.

Prestige Tax & Trust Services are proud to be associated with RM Consultancy, who, headed by

Robert Moseley LLB.(Hons) MIPW, has been providing expert Legal Services Products since the

1970’s. As well as earning a law degree, Robert is also a full member of the Institute of Professional

Willwriters (IPW).

The Institute of Professional Willwriters was founded in 1991 as a self-regulatory body to safeguard

the public from unqualified practitioners and unethical business practices and has become

established as the recognised professional body regulating and promoting the profession of

Willwriting in England, Wales and Northern Ireland.

The expertise of RM Consultancy in the preparation and production of these Legal Documents is

unsurpassed. The company continually monitor any changes in relevant law, and are able to give

accurate advice in any situation.

RM Consultancy is a progressive firm providing a friendly, professional and high quality service.

They are a vibrant team who are genuinely interested in helping clients. They endeavour to provide

the highest standards of service which sees the majority of our clients returning time and time again

and also results in the referral of new business.

The affairs of every individual client are dealt with on an individual basis ensuring that the needs of

the client are met. The production of your legal documents could not be in better hands!!

If you find that you have any pertinent questions relating to your documents, then please do not

hesitate to contact us on 0845 474 5323.