If a shareholding director or business partner dies their business interests usually pass into their estate. Shareholder or Partnership Protection Cover provides funds that can be used by the surviving directors/partners to purchase these interests from the estate. This allows a business to continue after a director or partner’s death, without the financial strain of raising significant funds for the purchase. It also ensures that the deceased families are not left with an unwanted share in the business.
This is a key area that can take away substantial stress to both business partners and families at a time of great difficulty and early discussion with Clear Financial Advice Limited can give you the peace of mind that you have the protection required.