Wills for Business Owners
You've worked hard to build up your business. Don't leave its future success to chance after you've gone. Our expert legal team is ready to put everything in place to ensure a smooth business transition when the time comes.
Are you one of the 54% of people who don't have a Will?
If you own a business, future financial planning should be high on your agenda. Your hard work shouldn't go to waste after you've gone. But it's up to you to secure that future with a Will that covers your estate.
Here at Winns, we offer a diligent, compassionate, and experienced legal service. It supports you through the Will writing process and covers both your personal and business assets.
Plan today for a more secure tomorrow and look after your loved ones after you've gone.
I used Winns for the will writing service and they have been fabulous throughout the whole process. I wanted to change my will after the original draft, which was not a problem, the whole process [was] explained throughly to me. I wouldn’t hesitate to recommend the Winns will writing service to others.
Lauren Cummings, Trustpilot Review
I had been putting off writing my Will for some time as I thought it would be time-consuming and difficult. After losing my husband unexpectedly at just 50 I knew I needed to make my Will now. Rebecca made the process effortless. I wish I had done it ages ago.
Maxine, Trustpilot Review
I had an urgent problem. Rebecca Harbron Gray dealt with it within hours, much to my relief. It is so reassuring to know that someone is so willing to help, and so speedily, when requested. Excellent, professional, proactive service, greatly appreciated.
Mike Turner, Trustpilot Review
Why Should you Have a Will in Place?
If you own a business, then future financial planning should be high on your agenda. Safeguarding your company's future is massively important. Did you know a Will helps this cause?
Regardless of your circumstances, a Will is the best way to deliver your wishes and make sure your estate is distributed to the people you want it to be. You wouldn't leave business decisions to chance so why would you leave this important part of your planning to chance?
Why does being a business owner make my Will different?
Having a business adds to the complexity of your Will. This is in part due to the value of your business, along with the overall size of your estate, and the requirement to name those that will be involved in the future running of your business.
When considering your business, you will likely have someone that you would prefer to take over the day-to-day operations of the company, along with making business-critical decisions and steering the future direction of the organisation.
Your Will is the best way to ensure that the future of your company is left in hands that you trust.
Studies have found 54% of Brits don’t have a Will in place, and 5.4 million people have no idea how to make one. Let us help you not be one of those statistics.
Making a Will as a business owner couldn’t be easier. Contact us today for a no obligation chat with our team. Together, we’ll provide peace of mind for when the time comes.
The process is simple, straightforward and stress-free. If you have any questions, our team are on hand to support you every step of the way.
FAQs
Do I need a Will?
If you want a clearer financial future, based on certainty and assurance, you should have a valid Will in place. It means your wishes are delivered upon and your business is run in the way you want it to be by the people you choose.
If you don’t have a Will in place, the rules of intestacy are enacted. This doesn’t factor in your preferences and may see loved ones or trusted individuals left out of the process.
What should I include in my Will?
Generally speaking, your Will should include the following:
- Appointment of executors
- Funeral directions
- Appointment of guardians (if you have children) or provisions for pets (if relevant)
- Any specific gifts
- Any monetary gifts
- What you would like to happen to your residuary estate
- Any specific instructions for the running of your business – name trusted colleagues and the role you want them to take on
Add substitute provisions for these topics so you have a plan B if your original choice is unable to carry out their role.
How often should I update my Will?
We recommend you update your Will every five years, or if/when any of the following happen:
- You get married or form a civil partnership after the date of your Will, if it wasn't made in contemplation of marriage
- You get divorced or have your marriage or civil partnership annulled
- Your estate materially changes in value
- You have children
- Any appointment in your will becomes unsuitable or fails due to ill health/death
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