Who can help with my Buy/Sell Agreement?

It is important that you do make a valid and binding Buy/Sell agreement but it is important that you get the right advice from the right people.

 

The process of designing an effective buy/sell insurance package should include the following professional services working together:

 

Financial adviser

Accountant

Solicitor

 

The role each person performs is:

 

Financial Adviser deals with:

• The type of Insurance covers available
• Evaluating the amounts of cover
• Selecting appropriate insurances with appropriate features
• Assisting in the Underwriting Process
• Assisting in the Claim process if required

 

The Accountants role is to:

• Consider tax implications for premiums and insurance proceeds
• Confirm your business structure
• Establish trusts if necessary (Taxation aspects and Ongoing Operations)                                                                                                                                

 

The Solicitors role is to:

• Draft the Buy/Sell Agreement in a legally binding manner
• Ensure that your rights are protected

Work within the confines of the appropriate commercial law of the time.