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Corporate Co-Directors Protection

The death of a company director can have a serious impact on the surviving directors and the deceased’s successor. Ideally, if there is sufficient cash in the business, the company would buy the shares of the deceased director from the deceased’s estate.

Corporate Co-Directors Protection ensures that this cash is available. In this case, the company owns the policies and each of the director’s is the life assured. If a director dies, the company would then have the cash to enable them to buy back the shares from the deceased’s estate. The company pays the premiums which are not tax deductible.

There are both legislative and taxation issues that need to be examined to ensure that a Corporate Co-Directors Protection arrangement is appropriate. Any company seeking to acquire this kind of business protection will require the assistance of legal and taxation advisors.

For more information on any of our services or products, please contact your Financial Advisor or use our contact page to get in touch directly with us.

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Address

Father Mathew Hall
131 Church Street
D07 E363
info@keaneinvestments.com

Telephone:
353 (0)1 8280080
Fax:
353 (0)1 8148872

Address

Keane Pension & Investment Consultants Limited

Father Mathew Hall
131 Church Street
D07 E363

Contact Us

info@keaneinvestments.com

Telephone:
353 (0)1 8280080
Fax:
353 (0)1 8148872

Click here for our contact form

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