Family Businesses: The golden goose

Rebecca Stone reviews the case law relating to family businesses and the differing approaches taken by the courts to such assets ‘In F v F (clean break: balance of fairness) [2003] the judge accepted that where some of the assets are illiquid it may not be possible to achieve either the aim of equality or …
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Tax: Planning for tax

Karen Eckstein and Frances Bailey highlight the impact of tax planning on financial provision ‘Even with expert evidence making assumptions in relation to contingent assets is a risky strategy to take, as demonstrated by Judge v Judge [2008].’The saying is that there are only two certainties in life: death and taxes; save that in fact …
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Companies: Corporate raiders

Frances Bailey and Steven Watson examine the options when dealing with family businesses ‘A lump sum payment may be ordered if it is established or accepted that the party will be able to extract liquidity out of the company to meet that payment.’When it comes to negotiating financial settlements, finding the right result for our …
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