Business: Wills & Protection
In truth there is no such thing as a Business Will – they are a myth!
This is because a business is a separate legal entity and cannot write a Will for itself.
BUT personal Wills for anyone involved with a business (owners/directors/shareholders) can and should be written to cater for their ownership of a business.
AND Trusts can be designed to ensure the best way to protect a business in the event of the death of the owner, both to maximise Inheritance tax savings and to ensure smooth business continuity.
Further safeguards can come from professionally drafted Shareholder Agreements, Cross Option and Keyman Insurance.
We specialise in assisting business owners to have the right Will and associated legal documents in place.