CBF

Corporate Planning

Corporate Planning
Every business will have certain directors or employees who are vital to the profitability of the company. The death, retirement or disablement of such a key person can drastically effect the ongoing management and profitability of the company.

To compensate for such a loss, a company can instigate a "Keyman Policy" on the life of the individual, receiving either a regular income or lump sum in the event of the disability, retirement or death of that individual.

Problems can also arise for shareholder/partners of a business when an existing shareholder retires or dies. In the event of death, the shares usually pass to the deceased's dependants who then may be forced to sell the shares. If the shares are sold to an unknown third party, this could have a detrimental effect on the remaining shareholders/partners and possible the company itself.

On retirement the retiring shareholder/partner may wish to release capital, as part of his retirement planning, by selling the shares. Should the company not have the financial resources at the time to purchase the shares, they could be sold to an unknown third party and as mentioned above, this could have a detrimental effect on the remaining shareholders/partners and possible the company itself.

These problems can be reduced or avoided by arranging suitable policies and legal agreements for the purchase of the shares on the death, disablement or retirement of the shareholder/partner.

Individual Planning
Individual planning can be split between two main areas; Investment and Protection.

Investment advice can be provided, in conjunction with suitable tax planning, for either income or capital growth relative to individual's attitude to risk.

With regard to protection, most people make certain that their house and possibly their car are insured against loss or damage but fail to adequately insure themselves or their family.

Although the majority may look at death benefits in connection with their mortgage, many will fail to cover themselves against disability and/or serious illness or provide death benefits in excess of the mortgage for greater family protection.

We can arrange to review client's complete financial circumstances with a view to providing recommendations on the amount and type of cover required.

Loans and Commercial Morgages

Rest assured though we scour the market for the best rates available, and are confident enough to guarantee you a mortgage even if you have been declined elsewhere, so long as you only wish to borrow up to 75% of the property value.