Our UBiz ensures a smooth transition of the business to the other co-owner(s) and the value of your share of the business is protected against an event such as:-

• Death

• Bankruptcy

• Incapacity

• Divorce

• Ill health

• Loss of professional license

• Retirement

• Deadlock between co-owners

Our UBiz Consists Of:-

• Buy-Sell or Cross Option Agreement: covering the terms of the sale and purchase including the agreed value or formula, events triggering a sale, funding and mode of payment.

• Power of Attorney: authorizing us, Rockwills Trustee, to transfer the shares/interests to the other co-owner(s) upon the occurrence of the agreed events that trigger a sale.

• Trust Deed by the co-owners: instructions to Rockwills Trustee regarding the periodical distribution of the sale proceeds to prevent these being misspent by the beneficiaries.

• Life insurance policy: as the main funding mechanism to purchase the shares/interest of the outgoing co-owner.

How To Set-Up?

When An Event Occurs Triggering A Sale

Guarantees the sale of shares/interest at a full and fair value that was agreed by co-owners.

Prevents inexperienced and unqualified heirs from being involved in the business or the selling of the deceased’s shares to outsiders.

Smooth transfer of ownership to the co-owners is ensured by the Trustee.

Using life insurance, the purchase of the shares/interest becomes very affordable, minimizing the need to use your savings for the purchase.

Rockwills Trustee acts as the Trustee for UBiz protecting the interests of your beneficiaries and that of the co-owners.

Shares/interests are easily converted