Directors’ protection scheme

The directors’ protection scheme, which is relevant for highly paid company employees, such as directors, as well as business owners, has been specifically created to look after our clients, their families and their businesses.

We would always advise company owners and directors to make sure they have plans in place for its future, along with financial protection for their family, in the event of illness, incapacity or death.

The best way to plan is to ensure you have the right protections in place.

How Napthens can help

Our highly experienced estate planning solicitors will work closely with wealth management professionals to identify all appropriate solutions for company owners, their families and the business.

We will perform a detailed review of what a person has and what they need, then help create a plan that acquires the right protection.

This will include a:

• Business lasting power of attorney
• Company will
• Death in service benefits
• Detailed review
• Life insurance
• Personal lasting power of attorney
• Personal will
• Private pensions

Among the questions we’ll ask are:

• Have you thought about what will happen to the business when you die?
• How financially secure would you and they be?
• What about you and your family?
• What would happen to a business if you weren’t around through accident, illness or mental incapacity?
• Who would be able to manage your investments and access your bank accounts to ensure essential living costs were met?
• Who would step into your shoes to make strategic and daily decisions?