Our multi-disciplinary team has extensive experience of providing expert advice to high growth, small and medium sized family businesses from a range of sectors.
A Family Business Agreement (FBA), sometimes known as a family constitution or a family charter, is a non-legally binding document that provides a clear framework for how your family directs matters when it comes to the family business and family wealth.
Going through a divorce or separation can be challenging enough for anyone – but for business owners there’s also a company to run and protect, which your soon-to-be-ex partner may feel they’re entitled to claim a share of.
Our specialist family law solicitors will help you protect what matters to you and secure the future for yourself and your loved ones. Whatever your family structure, planning ahead will help to protect you and your family in the long run. However if you don’t have arrangements in place and your marriage, civil partnership or relationship has broken down, we can advise and support you through this difficult time with patience and compassion.
As a business owner, you will want to protect your business, and a prenuptial agreement that clearly sets out how your personal and business assets will be divided if you were to divorce in the future, is the most effective way to do so.
During divorce, separation or the dissolution of your civil partnership, one of your main concerns will be money. Who will get what? How will you provide for the children? How will you agree what’s a fair divorce financial settlement? No matter how amicable your parting is, it’s crucial to make sure your finances are settled clearly.
Effective succession planning is a delicate balancing act involving both personal legacy and tax efficiency. Technical legal advice is therefore essential to achieving the very best outcome, but so too is wise counsel.
If you’re about to get married, a prenuptial agreement (or post-nuptial agreement if you’re married already) can provide greater financial certainty should your relationship end in divorce and help to protect assets such as property, businesses and inherited wealth.
Speak to a member of our team today.
