The shareholders of private companies often make plans for the passing on of shares before, at or after retirement.

However, the sudden death of a shareholder can cause serious financial problems for the shareholders and families left behind.

Are the remaining shareholders willing or able to purchase the shares of the deceased?

Do the remaining directors of the company want the family of the deceased to have a say on the running of their business, or indeed, take financial control?

Exactly the same concerns can arise within a partnership. Proper financial planning can provide the resources to ensure that the death of a director or partner does not affect the business in this way.

If you would like more information on shareholder/partnership protection please contact us.