Cross option agreements are a contract set up where company shares are involved. This contract gives individuals typically other directors the ability to have the first option to buy company shares if another director dies/falls ill. How would you feel if your business partner’s spouse took control of your company on their death or wanted a large pay-out? Equally why shouldn’t a widow expect a pay-out in the event of their hard working spouse’s ultimately death.
In addition Squirrel Financial have experience of advising corporate CEO’s and Directors of their pension options and benefit crystallisation.
If you would like to discuss your options and specific requirements you can rely on us for independent corporate financial planning advice – call 01634 564664 for advice or to call a meeting.