Specialist Services: Shareholder Insurance and Cross Option SchemesAt Lee & Priestley, we supply our clients with the knowledge and documentation to put in place shareholder "cross-option" arrangements. These schemes ensure that in the event of the death of a key shareholder, cash is available and can be used to buy out the deceased's interest in the company with the proceeds going to the deceased's estate for distribution to beneficiaries under the relevant will. This kind of insurance is appropriate for any company with more than one shareholder. |
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