STEP, the industry body for trust and estate practitioners, has released results of their family business survey, which shows 69% of family business owners do not have a succession plan detailing what will happen to the business and who will run and own the business after their death. With many family businesses, including farming families, facing an inheritance tax charge on death following the recent Budget, we are proud of Wedlake Bell partner Matthew Braithwaite’s involvement in this project with STEP.
Read more about the STEP survey in to family businesses, and Matthew’s comments by clicking here.