Protecting your business

Preserving Your Business Assets
for the Benefit of Your Family

Google Rating
5.0
Based on 202 reviews
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How can I preserve my Business Assets for my Family?

Hard work and dedication has meant that you have built up a sound business for the benefit of you and your family and naturally you want to ensure that your loved ones are provided for in the event of your death or ill health. So, what if the worst should happen and either you, or a business partner were to die or suffer a serious illness, such as a Cancer?

Do you know who would actually be entitled to your share of your business?

Without a valid Will, the deceased’s share would be subject to the Laws of Intestacy and the person who inherits may not be the person you intended. Would you or your business partner be content to run your business with their surviving spouse or their Beneficiaries? This could have a major impact on the running of the business, or the value of the business may now go down following the death of such a key person.

Without the appropriate Business Succession planning:

  • Your spouse/partner and children may not inherit your share of a business.
  • Business partners may not have the funds to buy out the deceased’s share.
  • The surviving spouse or children may be obliged to take over the running of the business.
  • The value of the business could depreciate, owing to the inexperience of any Beneficiary
  • The business may have to be sold and the proceeds become liable to IHT.

Please note that the Financial Conduct Authority do not do not regulate some forms of Trust products and services. These services are provided by our sister companies Frog Financial Management.

Safeguarding your business during your lifetime and for future generations, will ensure your loved ones are provided for in the way that you wish.

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Some of our Google Reviews

Frog Financial Management
5.0
Based on 202 reviews
See all reviewsWrite a review
Couldn't be happier with the service from Frog, they made an incredibly stressful time in me buying my first property feel much more manageable and were always available to talk through any queries I had. Would highly recommend ☺️
Ian
Ian
1755527927
Craig is an excellent advisor, we had relatively unusual requirements for 2 mortgages and he spent a lot of time explaining our potential options so we would end up with the best fit for us.Ruth was also fantastic at following things up for us and keeping us informed of how applications were progressing.Would definitely recommend Frog to anyone looking for a mortgage or insurance.
Tim Moult
Tim Moult
1754857993
Gracias a Danni West ( Frog Financial Management ), pude asegurar mi casa en Inglaterra pues, Danni, muy cortés y profesionalmente, me puso en contacto con una compañía de seguros inmobiliarios que, se interesará a ofrecerme un seguro ya que, Yo vivo en España por lo tanto, soy un propietario ausente y según parece esto es un impedimento para muchas aseguradoras.Estoy muy agradecido con Danni por su invaluable ayuda, ha sido una gran experiencia.
mario alvarez botero
mario alvarez botero
1754595807
Advise etc on our finances and mortgage suggestions
Ruth Corner
Ruth Corner
1754578680
Found the service to be extremely helpful and efficient in dealing with my property portfolio. I've been with them many years and I'm always satisfied with their mortgage quotes
Rendell Willett
Rendell Willett
1754399682
Frog has provided a great service to me and my partner as we arranged our first mortgage.As FTB, it is a daunting process, with a lot of questions from us on the hows, whens, and whats. Greg made this less so, answering all questions clearly, and helping us to understand things. Not only this, Frog helped us to find the best rate available to us.Lastly, Greg & Danni helped us to understand which personal insurance policies were best for us, taking the time to explain in layman's terms how each one could benefit us (or not), depending on our needs.All in all, Greg & Danni have been a valuable part of our mortgage journey, and I would not hesitate to work with them again in the future.
James Devine
James Devine
1754387178
Greg and team were incredibly helpful in guiding us through the process of securing our first mortgage at the best possible rate. Everyone we interacted with at Frog Financial was friendly and always available to support and answer any questions we had - we are first time buyers so their advice and expertise was much appreciated! Greg and Danni also gave us all the information we needed to choose the right options for life insurance and income protection that is tailored to our needs. We couldn't be happier with our experience and would definitely recommend their services.
Tia Mirshahi
Tia Mirshahi
1754218942
Had a great experience with Frog with our recent remortgaging after being recommended to them by Frosts in Amersham.Greg was extremely knowledgable and made a daunting process significantly easier - he was friendly, extremely clear and answered any questions or concerns we had throughout the entire process.Greg really listened to our circumstances and it was clear he wanted an outcome for us that fit our needs, there was never any sense of trying to upsell or push us towards something that did not fit our needs and we reached an outcome we were extremely happy with.Greg’s approach was extremely fair and it was clear that Frog Financial is far more interested in building a lasting relationship ship with their clients. I would not hesitate to approach Greg and Frog Financial again and will absolutely be using their services again when we come to our next application!
Joe and Katherine O'Donnell
Joe and Katherine O'Donnell
1753865940
Grey was the ABSOLUTE BEST!!!!! He was so fun, let us have aux and made us feel so comfortable and showed us around the area and gave his favorite recommendations!! Will be calling him all week!
Sage Kershaw
Sage Kershaw
1753583642
Gray was THE BEST driver and made sure that our ride was safe and fun!!!
Clare Marshall
Clare Marshall
1753583505
Frog Financial Management have been excellent throughout the process. Craig and Ruth provided clear advice, quick communication, and a very professional service from start to finish. Nothing was ever too much trouble, and they made everything straightforward and stress-free.Would highly recommend to anyone looking for trustworthy and efficient financial advice.
Paul Murphy
Paul Murphy
1751274702
Greg and the team at Frog were brilliant in helping us prepare our finances and then arrange the porting of our mortgage for our recent house move. Greg provided consistent support and tailored advice whenever needed, and made the mortgage process as stress free as possible. The Frog team also helped us with setting up some better life protection for ourselves and our kids. We would highly recommend Greg and the team at Frog to anyone looking for mortgage specific or broader financial advice.
Chloe Taylor
Chloe Taylor
1746859208
As a first-time buyer, I had a lot of questions—and Greg was absolutely brilliant at answering every single one with patience and clarity. He was always super responsive and made the whole mortgage process feel much less overwhelming. Charley was also fantastic, helping me sort out buildings insurance quickly and efficiently while walking me through all the details. Danni took the time to explain all the insurance options thoroughly and in a way that made sense. Everyone I dealt with was friendly, knowledgeable, and incredibly supportive. I can’t recommend them highly enough!
Samah Hussain
Samah Hussain
1745263797
We were recommended Frog Financial by some friends who had recently bought their first house, and we couldn't be happier! Greg was amazing from start to finish, keeping us informed throughout the process and always on hand to answer any questions we had. Charley also helped us find the right Buildings & Contents insurance for us, and had everything sorted & ready for exchange. We'll definitely be recommending the Frog team to any friends buying their first place!
Megan Griffin
Megan Griffin
1744626325
Frog were incredibly helpful when I approached them for a mortgage recommendation. Craig really took the time to understand what I needed and was very supportive throughout the process. Mortgages and the jargon around them can seem very overwhelming, especially to a first time buyer, but Frog made it a lot less stressful. Would definitely recommend!
Carla van der Sluijs
Carla van der Sluijs
1743416068
I can’t recommend Charley highly enough! From the very start, she made the process of getting my building and contents insurance seamless. She provided me with a list of options, sent detailed and informative emails, and was incredibly flexible, kind, and patient throughout.The whole experience has been fantastic, professional, efficient, and stress-free. The member portal is another great addition, making everything even more accessible and straightforward.I was so impressed that I even told my solicitor to recommend Charley to her clients. If you’re looking for someone who truly goes above and beyond, Charley is the one to trust. 100% recommend!
Tannaz Rastegar
Tannaz Rastegar
1742216810
I went to Frog for mortgage advise on buying a second property. Initially Greg provided me with various options available to me and spent the time explaining the pros and cons of each. This made choosing the right option very easy, feeling confident with my choice. Likewise, Charley was a great help with finding me the right insurance for my new property and landlords insurance.
Denis Bywaters
Denis Bywaters
1742048349
Thoroughly professional and superbly efficient service. Moving home is stressful enough. My buildings insurance was at least one thing I did not have to worry about.
Se7en Group
Se7en Group
1741021620
I cannot recommend Frog enough. They have been so helpful and supportive.They have helped us to buy our first home and they were a huge helping hand when we had no idea where to start.Thank you so much for making the house buying process almost completely stress free.
sophie Stockton
sophie Stockton
1739186324
We were recommended Frog by a family friend, and they have been absolutely brilliant through the whole house buying process. As first time buyers, the whole team has been so supportive always answering phone call and emails. Greg was so supportive when it came to our mortgage inquiries, very helpful and personable. Charley and Danni have been so helpful with insurances and Will writing, and we look forward to using them again in the future.
Sammy Isaacs-Johnson
Sammy Isaacs-Johnson
1739185463
Frog Financial are definitely well worth a 5 star review, Greg and the team are fast, efficient and professional and always seem to put the customer first.
Nick Jones
Nick Jones
1738007477
Frog financial management services provided us excellent help during purchase of our sweet first home in UK. Greg our advisor was very helpful, soft spoken person. Despite of my limited visa, Greg helped us to get mortgage with best available rate in the market.Highly recommended
Mukesh Singh
Mukesh Singh
1737024771
I couldn’t recommend Frog Management more. Greg made the mortgage application process really easy for my boyfriend and I who were first time buyers. I’d first been in touch with Greg a year prior when we started our property search and once our offer was accepted I got straight back in contact with Greg who was prompt to get everything moving for us. I would highly recommend Frog Management!
Danielle Louise
Danielle Louise
1735329775
The team at Frog have been fantastic throughout the entire process. Providing great advice and having a proactive approach, I can't recommend them enough!
Aaron
Aaron
1734177339
The whole team at Frog were outstanding for us. Greg was our contact for our Mortgage application and he couldn't have been more helpful. He was always available and happy to help with anything, very knowledgeable and we really felt like he wanted the best for us. Charley and Danni also assisted us with insurance cover and they were very helpful and knowledgeable when it came to understanding the policies. They regularly checked in to see if they could help with the whole process, which was greatly appreciated. All the team made the house moving process that bit less stressful and are thoroughly recommended.
Sam E
Sam E
1734009636
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The options for properly protecting your Business Assets can be complex and confusing – that’s why we’re here! Check out other information here

Let us first assume that you have made a Will and that there is a clause in the Will dealing with business assets in favour of your spouse or partner and that they inherit the family business or your share of a business.

Would they even want to be involved with the running of the business?

Many spouses would probably not want to be burdened with the running of a business they may know very little about. For instance, if there are young children to care and provide for, then the surviving spouse might prefer to be bought out.

Would there be sufficient funds to purchase the share of deceased Director from their family? Or would the business have to be sold?

If the business is sold by the deceased’s Beneficiaries, how would this impact on their Estate, as their assets increase? Also, how would it affect the surviving business partner’s assets, as these too increase? Both parties’ Estates could be impacted by future IHT charges, having now lost any Business Property Relief, previously available whilst the company was still trading. With the sale of the business in this way, you risk losing 40% of the cash proceeds to the tax man.

Note: This information is applicable to Limited Companies or Partnerships. The examples illustrate a two-partner business but are also applicable to multiple shareholders/partners

Each Director leaves their share of the Business to their Beneficiaries via their Will.

Consequences to Director A’s Beneficiaries

Consequences to Director B
Beneficiaries will now own part of the company which they may not want to run.

Share of company is now part of Beneficiaries’ Estates and therefore is at risk from divorce, remarriage, bankruptcy and long term care.

If Beneficiaries decide to sell the business the proceeds will enter their Estates creating a potential IHT liability on their death.

 May not want to run company in partnership with Director A’s Beneficiaries.

May not have the funds to buy out Director A’s share of the business.

Note: The effects of the above problems would increase considerably if the company share is a minority holding.

Perhaps you have made some provision for this eventuality.

You may feel that you have prepared for the worst and taken out sufficient Life Cover to protect all parties’ shares of the business. You may even have had the presence of mind to set up a Company Will and a Cross Option Agreement.

This would ensure that the surviving business partner(s) has the right to buy out the deceased’s share of the business and the proceeds of the life assurance policy could be paid to the surviving spouse or Beneficiaries in exchange for their inherited share of the business. Equally, the surviving spouse or Beneficiaries would be able to exercise their right to sell their share of the business to the remaining business partner(s), in exchange for either the market value or an agreed amount, covered by a life assurance policy.

Please note, the Financial Conduct Authority do not do not regulate some forms of Trust products and services.

With a Help to Buy: Equity Loan the Government lends you up to 20% of the cost of your newly built home, so you’ll only need a 5% cash deposit and a 75% mortgage to make up the rest.

London Help to Buy: to reflect the current property prices in London, from early 2016 the Government increased the Help to Buy: Equity Loan scheme’s upper loan limit from 20% to 40% for buyers in all London boroughs.
You won’t be charged loan fees on the 20% or 40% loan for the first five years of owning your home.

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