The majority of our clients are referred from Accountants, who recognise the need for additional specialist advice for the preservation of client wealth.
We help you by adding a whole new dimension to the in-house Tax advice and service you already provide, further cementing your client relationship and often bringing their children into the planning cementing future income and relationships for the Practice.
Fact - Research has found some 70% of family-owned businesses fail to successfully transition from the first to the second generation. This is mainly down to inadequate planning and failure to take advice and action. This can lead to family fallouts and disappointment.
Sophisticated business owners turn to their trusted Accountants for advice, so working collaboratively with Oldgate Trustees provides a one-stop complete service where effective planning can vastly reduce this risk. We ensure the business has a strong foundation for continuance in the event of death, retirement, or incapacity.*
*Source Deloitte Business review.
Working closely with you - this may involve:
As an Accountant, what would this additional advisory service - as a seamless part of your in-house team - mean to your clients?
What will your clients’ family lifetime legacy look like?
Did you know three-quarters of the UK’s businesses are family-owned? This means family businesses employ just over half of the UK workforce.
Here are some worrying facts:
*Source L & G Business protection state of the Nation report 6th edition.
A typical dilemma..
Family Trading Business
100% Shareholders – Parents
CHILD 1
ALEX
Works in the business and is reliant upon it for livelyhood.
CHILD 2
VIC
Does not work in the business but expects to inherit.
CHILD 3
SAM
Does not work in the business but expects to inherit.
PROBLEMS:
SOLUTION:
Tax and Succession strategies for Trading Business owners and their families
How Oldgate Trustees advise family business owners
We Provide a full advisory, drafting and implementation service and are specialists in:
We will help you secure the future of your client's businesses and their family legacy.
Newcastle Office
14 Telford Court Business Park
Morpeth
NE61 2DB
London Office
Meeting via ZOOM available
Meeting rooms available in
Central London by appointment
Newcastle Office
14 Telford Court Business Park
Morpeth
NE61 2DB
London Office
Meeting via ZOOM available
Meeting rooms available in
Central London by appointment
Oldgate Trustees Limited