Why is succession planning important?
Succession planning helps you to decide what to do with your wealth and how it is dealt with in the future for your family.
Benefits of succession could include the following:
- Help manage a large inheritance
- Minimise Inheritance Tax on your assets
- Decide who controls your assets
- Appoint professionals to manage your assets and business interests
Contact our Agriculture Team
Have you ever wanted to just ask a lawyer if they can help you, without worrying about what it may cost to contact them? If so, call HSR Law Solicitors and together we can work out what your next steps might be… in confidence, at no cost and with no obligation. Complete our simple form with your name and contact number and we will call you back to discuss how we can help.
Alternatively, contact Richard Allwood, Katie Allwood, Kate Hardacre or Paul Russell directly: our Agriculture specialists.
Your Succession Planning Team
Our Latest News
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If you created an Enduring Power of Attorney (EPA) before October 2007, it remains legally valid and does not need replacing. However, many people now choose to make a Lasting Power of Attorney (LPA) for added flexibility, including health and welfare decisions. Our specialist solicitors can advise on whether an LPA is right for you and guide you through the full creation and registration process. - Lasting Powers of Attorney Certificate Provider – What you need to know
A Lasting Power of Attorney must include a certificate signed by an independent person confirming the donor understands and agrees freely to the LPA. Choosing the right certificate provider is essential to avoid rejection or delay. HSR Law can guide and act as your certificate provider. - Graham Bembridge retires after more than 50 years in the Legal Profession
Graham is taking his well-earned retirement from the firm after 50+ years in the Legal Profession in Gainsborough. - Protecting your Estate against future care costs – “Can I transfer my property to my children to avoid paying care fees?”
A question we often get asked is whether clients are able to gift their assets away to their children to avoid this asset being taken into consideration if they required residential care. - Share Rights & Classes: What your investment really says about you!
If you are dealing with specific situations regarding share classes or rights, it’s often advisable to seek legal advice to ensure the Articles of Association accurately reflect the desired governance structure. - Shareholders and Directors: Who’s the Boss, and who’s just watching the show?
Directors are responsible for the day-to-day running of a company. Shareholders are the owners of the company, holding shares that represent their proportionate interest in the company.