Successful businesses grow in value and that is what we all aim to do.. Often the simple structures used by business owners to achieve early success can leave the valuable assets of the business exposed to creditors and litigation. Many clients are seeking advice on how to separate the business risk from the business assets by building internal firewalls and quarantining key assets. This has two-fold benefits - minimising the fallout of adverse litigation and also discouraging frivolous claims.
Recent changes to tax and revenue law have greatly increased the available tools for separating risk from assets, by splitting and cloning trusts and other business structures. This can greatly assist in the costs of business restructuring.
MBA Lawyers can assist your business by analysing your current structure from the point of view of risk, and providing and explaining the range of options available to minimise this risk in a commercially viable manner.
What is your business worth? Have you considered what would result if you or a co-owner of your business died or was unable to continue in the business? What happens if there is a partnership or shareholder dispute? What assets would be lost in the event of bankruptcy or divorce?
Unfortunately death is inevitable. You can however provide for your family and the generations to come by ensuring the best estate planning structure is in place for those needs. Ensuring that your beneficiaries receive the best asset protected and tax friendly inheritance has obvious advantages to ensure that your legacy continues for as long as possible down through your generations.
MBA Lawyers thrive on the challenges that this specialised field creates. Our team holds accredited memberships with the Society of Trust and Estate Practitioners known as STEP.
We can provide for your estate planning requirements by structuring:-
- Testamentary trusts
- Capital protected trusts where a beneficiary receives the income but not the capital of the trust.
- Family Boards and Constitutions
- Master Trusts
- Trust splitting and cloning
- Special disability trusts
