Family Businesses: Continuity and Succession Planning

2.5 hours verifiable CPD

According to recent statistics there are around 5 million family businesses in the UK today, employing over 14 million people and generating more than £1.9 trillion in revenue: for this reason family businesses are often referred to as ‘the engine room of the UK economy’.

Whether you are a family lawyer, a private client practitioner, an accountant or a financial adviser, there are many fundamental aspects you need to keep in mind when advising family businesses in order to avoid unintended consequences for your clients.

At this seminar our speakers will offer cross-discipline insight into two case studies, and practical tips on how to effectively advise your clients to protect their businesses from the impact of divorce and death.

Learning outcomes:

• Conversion of non-matrimonial property to matrimonial property following restructuring, gifts or inheritance
• The valuation of family businesses upon divorce and death: what to look out for and what to keep in mind
• Practical guidance on inheritance and tax planning implications for family businesses