Relatively few have made a will, but without taking steps to protect wealth a good number find that their parting wishes may go unfulfilled – and both their family and business may be left in limbo. Angharad Lynn, a solicitor in the Private Client team at law firm VWV, explains
Business owners without a will are not alone. Around 60% of the UK population does not have a will, including a third of those aged over 55.
For a business owner, dying without making a will and/or planning your succession can have a devastating effect, not only on your family but on your business too. If you die without a will, your estate will be passed on according to the intestacy rules. […]
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