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Expert Financial Advisers for Business Owners

Financial Planning help and advice for business owners, directors, the self-employed and entrepreneurs.

Specialist Financial Advice for Businesses

Running a successful business can be a time-consuming and complex affair requiring your undivided attention. So, finding time to focus on your personal financial and wealth planning can be a real challenge.

Our Financial Advisers have over 20 years of experience and expertise helping business owners to grow, protect and enjoy their wealth. We’ll work with you to understand your financial goals and objectives to create a financial and wealth plan that is structured to deliver the most tax-efficient return and protection for your business, your personal hard-earned wealth, and your legacy.

Our Financial & Estate Planning Services

Our advisers have a wealth of experience in Financial & Estate Planning. We can help all our Business Clients with the following advice:

Protecting your business and personal wealth

As a business owner, it is all too easy to get caught up in the day-to-day operation of your business and not give a thought to what might happen if you or a business partner should die.

We can help you to ensure your Will & Estate Planning are correctly drafted to protect your business and your wealth against Inheritance Tax, Capital Gains Tax, Care Fees, Divorce, and Bankruptcy.

We can explain and execute Cross Option Agreements, Business Wills, and Lasting Powers of Attorney so that you and your business partners are fully protected.

Protecting your loved one’s inheritance

We all want to leave a financial legacy as well as a legacy of a life well-lived for our loved ones when we are no longer alive. That is true for business owners and non-business owners alike.

If you are a business owner, however, then the risk or wealth erroring to your Estate can be far greater without the right advice and Estate Planning. Our expert financial advisor for business owners will guide you through the right Estate and Financial Planning solutions to meet your unique needs.

Cross Option Agreements for business partners

When you are a business owner with other partners or shareholders, an unexpected and unplanned for death of one of you can lead to considerable issues for the surviving partners.

A Cross Option Agreement should be entered into by all shareholders of a private limited company, under which each shareholder grants to the other shareholders the right to purchase their shares, exercisable on their death, and take out life insurance policies, which are written in Trust for the other option holders.

These agreements are vital to the continued smooth operation of the business. It can also help your loved ones greatly. Perhaps they have no interest in inheriting your share of the business and taking on the role of running or helping to run it.

What if you as the deceased were the main shareholder and now your spouse had to run the business? Maybe you were the minority shareholder and the majority shareholder died. Would you want to carry on running the business with someone who knew little about it and yet continued to take a larger share of the profits?

Redwood’s Estate & Financial Planning expertise can help you find the right solutions to protect everyone with an interest in your business and Estate to minimise and mitigate unnecessary Inheritance Taxation, Capital Gains Taxation, and future wealth erosion risks like relationship breakdowns and divorce.

Business Wills & Powers of Attorney

If you die without leaving a Will in England and Wales, your property, money, assets, and possessions will be shared out according to the Rules of Intestacy. That’s the legal term which means that the state will decide who inherits what from your Estate, in what order, and by what percentage split. This can include your share of any business you own!

The result of this process can be that the elements that make up your Estate can pass to someone you hadn’t intended to be a recipient, or that someone you want to pass things on to receives nothing.

We would always business owners to put both a Personal Will and a Business Will in place to fully protect their loved ones, their business partners, and the business itself from unnecessary wealth erosion.

While a Will is there to protect others when you are no longer here, a Lasting Power of Attorney is there to look after you when you no longer have the physical or mental capacity to do so yourself.

A Lasting Power of Attorney (LPA) is currently one of the most important documents you could ever create as it is the only way to ensure your health and assets can be managed how you would want them to be, should you lose capacity during your lifetime.

If you are a business owner, you and your fellow business owners should consider putting Business Powers of Attorney in place to allow the other shareholders to make the right operational and financial decisions for the continued successful future of the business. This might include for example decisions around finances, management, investments, income, assets, services, planning, and business expansion.

Mitigating unnecessary Capital Gains Tax and 40% Inheritance Tax on your Business

Let’s consider that Director A and Director B own a 50/50 share of a business valued at two million pounds and that Director A suddenly dies in a road traffic accident, leaving a spouse and two children.

The surviving spouse decides they don’t want anything to do with the business and so agrees to sell the share they have inherited to Director B. Now they have one million pounds in their own Estate which is liable to Capital Gains tax and eventually when they die, Inheritance Taxation at 40%!

With the right financial planning and the use of the right Trusts, our Advisers can help you to mitigate these risks and protect the business wealth for those you intended to be the recipients of your hard-earned wealth.

Your Pension & Retirement Plan

The vast majority of business owners love their business and are passionate about working within it. However, there comes a time in life when most want to take things a little easier, or maybe hand over the reins to an adult child, perhaps to even sell up and enjoy the fruits of their labours.

Whatever exit route you are considering from your business, robust financial planning will be key to delivering a successful Retirement Plan. The sooner you start to think about and implement a Retirement Plan the greater the chances are to achieve it.

Redwood Family Wealth & Estate Planners Limited are Chartered Financial Planners and can provide a wealth of expertise and advice around Pensions, Investments, Tax management, personal and business finances, Insurance, income planning, and wealth management.

We are authorised and regulated by the Financial Conduct Authority and have over two decades of experience helping our Clients to grow, protect and enjoy their wealth.

Personal Investments

Our Investment Advisors are Certified Financial Planners who are qualified to provide investment advice and can recommend a wide range of retail investment products that could meet your Financial Planning needs and objectives.

Our qualified Investment Advisors are able to advise on products that are not available from the traditional high street banks and building societies, which means we can help long term investors invest into the stock market to maximise their growth opportunities from their investments, whilst also advising you on how to improve the taxation and charges in your Investment Portfolio.

We do this by firstly understanding and establishing your investment goals.

  • What are you building your wealth for? When do you need to achieve this goal by?
  • What level of growth do you need or are looking to target?
  • Do you need capital growth, income, or both?
  • Do you need access to capital and if so, how quickly?
  • How much risk are you prepared to take to reach your goal?

Only once we have established a clear investment objective and goal with you, can our Investment Advisors start to analyse your existing investments and create an Investment Recommendation Plan designed to meet your goals, whilst reducing your costs and charges, improving the tax efficiency of your investment, and deliver your targeted returns in line with your attitude to risk.

Why is using a Financial Advisor important as a business owner?

Most people do not want to gamble with their life savings on stocks and shares in a market they may know little about. Long-term investments should be about growing your money to get the best return at the lowest risk. A good Advisor will provide you with professional, unbiased financial advice to help you get the returns you need to achieve your financial goals.

Our Investment Advisors will guide you through the options and explain the risks and benefits of different investment products and opportunities. They will even tell you about ones you never knew existed!

Our Chartered status as a Financial Planning provider, coupled with the fact that we are registered, authorised, and regulated by the Financial Conduct Authority gives you the confidence that we are a professional and trusted financial services provider.

Do you need a Financial Advisor?

We would always recommend that you take professional advice before you decide to invest your money. If you are looking at any financial products, which are not simply held in cash, it pays to get professional, qualified advice from an Investment Specialist. This fully advised route also gives you the most consumer protection, should anything with your Investment go wrong. For more information please see our post on when’s the best time to hire a Financial Advisor.

Free Business Owner Estate Planning Webinar

We are pleased to offer you access to our fast-paced Business Owner Estate Planning Webinar free of charge and obligation.

You might not realise that running your own Business can dramatically change your Estate Planning needs, as well as your Inheritance Tax position.

In this FREE Business Owner Estate Planning Webinar you will learn:

  • The pitfalls of failing to plan and what happens to your share of the business if you die
  • The critical importance of Cross Option Agreements for joint business owners
  • What happens to your share of the business if you don’t have a Will
  • The risks to your Estate from Divorces, Marriages and Relationship Breakdowns without the right Planning
  • The importance of Business Wills and Business Lasting Powers of Attorney
  • How to mitigate paying unnecessary Capital Gains Tax and 40% Inheritance Tax on your Business
  • How to use your Will to protect your home and money against Care Fees Assessment

Talk to Redwood Financial

At Redwood Financial, we believe in treating Clients as people, not just as a number. This “family” philosophy makes our company unique amongst many other financial advisers and is something we are very proud of.

What makes us different is our ability to work with individuals, business partners, and in particular families as we believe helping families is the most important and rewarding thing we can do.

Our experts are ready to help secure your legacy for your loved ones and your business partners.

Just fill in our website contact form!

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Jasmine Lambert Chartered Financial Planner
Jasmine Lambert
Jasmine was awarded the British Young Practitioner of the Year in 2018. She is a qualified Chartered Financial Planner and full member of Society of Will Writers.
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