...please do not assume that your spouse will inherit everything. Other family members may be able to claim that they have a right to inherit some of your assets, leading to family feuds and delays in getting your assets into the right hands.
There can also be hazards in leaving everything to your spouse upon your death. What if your spouse remarried and then died before their new spouse? Your assets would then pass to the new spouse, leaving your children with nothing. This is just one example of how correctly drafted Wills can reduce the risk of your loved ones losing out.
...do you know what would happen to your business upon your death? Would your spouse, partner, children or fellow directors lose out because of not putting your wishes in writing?
Did you know that you can appoint executors to care specifically for your business upon your death?
Having a Will that specifically addresses your business interests can make sure the distribution of your personal estate will not be held up by complications with your business and can make sure that what happens to your business after your death is what you would have wanted.
We will also be happy to advise you on how inheritance tax relates to your business and how this may be mitigated.
