Why Do I Need a Will as a Business Owner?

If you own all or part of a business, you should have a will. If you die and do not have a will, your shares could be sold, the business could be broken up or it could fall apart due to mismanagement. All of your property (both personal and business assets) will be distributed under the laws of intestacy – and your loved ones will have no say where they end up.

Anyone over the age of 18 (and of sound mind) can make a will. It should include instructions in relation to your money (including pensions, insurance policies and shareholdings), property and possessions, together with details of your beneficiaries and executor(s). If you do not make a valid will and no beneficiary can be found, all your assets will go to the Treasury. Is that where you want you business to end up?

If you run a business, it is particularly advisable to seek professional help in writing a will. For example, if you are a shareholder and die unexpectantly, your shares and therefore a majority of the business would be subject to intestacy rules. If shares are split between your spouse and children, the children may not be old enough to make business decisions.

Law-Match has the solution; Law-Match is a service which simplifies the process of finding and selecting a highly experienced and recommended solicitor to help you write your will and ensure all of your assets are taken care of. The service provides access at over 120 national locations to different lawyers, who are members of the highly selective Legal 500. You can choose which firm to deal with, depending on the specific services and expertise offered, the location of the firm and the fees charged.

Not only does Law-Match put you in touch with these lawyers within one hour of your request but it also offers you an initial consultation at no charge, worth up to £500. This means you can explore your options and quickly make informed decisions about a future course of action, without incurring costs from the off. The Law-Match network of firms will also guarantee you will benefit from a discount on their regular charges to give you even more peace of mind.

Law-Match will provide you with a trusted advisor who has the capability to deliver exceptional legal services to look after your family when you won't be able to. Instruct a solicitor to assist you and your business today by clicking here to register for Law-Match and request your free initial consultation.