Planning for what happens to your business if you die.
If you own a business, partnership interest or company shares, your Will should work alongside the documents that govern the business. Our Business Protection Will focuses on continuity and succession after the death of an owner.
Why business succession matters
Without appropriate planning, business interests or shares may pass to people who do not want to run the business, lack experience, or cannot agree how it should be managed. That can put value and continuity at risk.
What needs checking
We recommend considering partnership agreements, articles of association and shareholders' agreements alongside the Will. The right route can differ for a sole trader, partnership or limited company.
Inheritance Tax
Business interests can have specific Inheritance Tax treatment. HMRC's rules changed from 6 April 2026: qualifying business and agricultural property has a combined 100% relief allowance of £2.5 million, with qualifying value above that generally receiving 50% relief, subject to detailed rules. Business Protection planning should therefore be considered alongside appropriate tax advice.
Could this be relevant to you?
Every estate is different. HWT can talk through your circumstances and explain the options before you decide what you need.
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