The shareholder and families of private companies often make plans for the passing on of shares before, at or after retirement. However, the sudden death of a shareholder can cause serious financial problems for the shareholders and families left behind. A number of areas need to be reviewed:- Are the remaining shareholders willing or able to purchase the shares of the deceased? Do the remaining directors of the company want the family of the deceased to have a say on the running of their business, or indeed, financial control? Exactly the same concerns can arise with a partnership. Proper planning of insurance cover can provide the resources to ensure that the death of a director or partner does not affect the business in this way. Please click to request more information.