Companies can be faced with significant risk should key personnel die unexpectedly. Plans sometimes need to be laid for boosting the retirement packages of key executives. The death of a shareholder or partner may provide special difficulties for those who survive. We provide solutions to these problems through: –
- key man assurance;
- deferred [old] or preferred [new] compensation plans;
- buy and sell agreements and
- cross partner / shareholder assurance policies.
All too often we encounter poorly structured policies that can even result in the double imposition of death duties. The laws governing these products are complex and unexpected results will be produced when schemes are put together with scant regard for the consequences.
If your plans need to be altered [or if you need our help in setting up a new plan] we will provide you with written quotes.