Business planning is an area that all of our key team members understand well, because we are all business owners and have been for many years. So when we are asked to review this for our clients, we not only have book knowledge and great legal advice from Countrywide, we have hands on life experience.
Hard work and dedication has meant that you have built up a sound business to benefit you and your family and naturally you would want to ensure that your loved ones are provided for in the event of your death. So what if the worst should happen and either you or a business partner was to die?
Without a valid Will the deceased’s share would be subject to the Laws of Intestacy and the person who inherits may not be the person you intended. Would you or your business partner be content to run your business with their surviving spouse or their beneficiaries? This could have a major impact on the running of the business or the value of the business may now go down following the death of such a key person.