.png)
.png)
Back to the future: 2
Key points
- Mediation can be used as a lifetime estate and business succession planning process to avoid a dispute following a monumental event.
- Planning involves specialist tax knowledge so participants should agree to the joint appointment of a single adviser to provide an ‘estate planning report’.
- Mediation can be linked to the use of family investment companies.
- In contrast to litigation a participant can use their voice and be heard during a mediation.
Having discussed how mediation works in the first part of this article ‘Back to the future: 1’ (Taxation 3 March 2022 page 13) I will in this second article explain how mediation – or facilitated lifetime planning – can also be used as a lifetime estate and business succession planning process.
If an international business family does not know how to start an inter-family discussion about how to put their house in...
Alternatively, you can register free of charge to read a limited amount of subscriber content per month.
Once you have registered, you will receive an email directing you back to read this item in full.
Please reach out to customer services at +44 (0) 330 161 1234 or 'customer.services@lexisnexis.co.uk' for further assistance.
