The Legacy Plan

Key checks for business owners reviewing inheritance tax and succession plans

Running a business takes years of focus, and it is easy to put off the question of what happens next. Yet for many owners, the most significant financial event their estate will face is the inheritance tax payable on the business itself. Getting a succession plan right is not just about passing on control. It is about making sure the people who take over are not burdened by a tax bill that could force a sale or break up the business. A good review starts with understanding