Business succession planning
You’ve created and grown a successful business, but now your time has come to step aside and appoint a successor who will look after your business to ensure it continues to thrive. Business succession can be a very stressful process, as your decisions can ultimately affect the future of the businesses and situations are different, which is why our team of expert business succession planning solicitors can help to create a plan tailored to you. We will guide you through all the aspects of your business succession, including:
- Reviewing existing legal agreements that might determine the value of your business
- Where appropriate, discussing with any business partners or family members that might be involved
- Making sure that your will reflects your succession plans
- Considering how the business can continue to be managed in the event of your planned or unexpected absence
- Effective use of all available tax reliefs, for example Business Property Relief
- Keeping all your legal papers up to date and in a secure place
In 2017 we received the Law Society’s prestigious Excellence in Private Client Practice award for our work in this area of law.
We can provide different pricing options depending on your budget and we are happy to have an initial chat without obligation – contact us today.
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North, South, East or West. Wherever you are, we’ve got you covered. Contact us today for an informal chat, without obligation. We look forward to hearing from you.
Wills, probate & private client news
When should a lay trustee consult a solicitor?
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Wollens win national ESG initiative award!
Wollens were delighted to be awarded the ESG Initiative Award at the LawNet Ltd annual awards.
At Wollens we believe that sustainability is fundamental to the long-term success of our business and the communities we are a part of. We actively engage and demonstrate our commitment to reducing our carbon footprint. There were two specific identifiers which helped us prioritise ESG as firm. The first was the 2050 net zero target set by the government, and secondly the feedback from our staff survey which indicated that this was an issue for many of them.
The Importance of Making a Will: Ensuring Your Legacy Lives On
When it comes to planning for the future, making a Will is often overlooked or considered unnecessary by many individuals. However, the truth is that creating a Will is a critical step in ensuring that your wishes are carried out according to your desires after you pass away.
Making a best interests decision under an LPA
The Mental Capacity Act sets out various factors that you must consider when deciding what is in another person’s best interest. It is important to follow what the Act says.
Mission Unbreakable : Mission Complete !
Wollens is delighted to secure a number of rankings within the prestigious Legal 500 directory 2024 edition. The Team Wollens were part of the 700 brave souls who competed in the North Devon Hospice Mission Unbreakable challenge, ditching their cozy Sunday at home, the teams took to the fields, mud and obstacles.
Wollens celebrate firm wide inclusion within Legal 500 rankings 2024!
Wollens is delighted to secure a number of rankings within the prestigious Legal 500 directory 2024 edition. The Legal 500 is the leading guide to law firms and solicitors in the UK.
Best practice when acting as an executor
You should ensure that you understand the role and are willing to take on the responsibility before starting to act.
Estate Planning for Blended Families: Navigating Wills and Inheritance
Estate planning for blended families can be complex. Ensure a smooth transfer of assets and protect your loved ones with our latest article: “Estate Planning for Blended Families: Navigating Wills and Inheritance.” Read now to plan your legacy wisely.
Avoiding common problems with beneficiaries
No matter how large or small a beneficiary’s entitlement, problems can sometimes occur. Being aware of common problems can help you better prepare for them.
Do medical staff have to respect a power of attorney?
A health and welfare Lasting Power of Attorney (LPA) allows attorneys to make decisions about medical care, however there may still be some medical decisions which remain outside of their remit.
