Business Succession

If you co-own a business, business succession planning is part and parcel of good estate planning generally. Business succession planning is a process in which you and your business partners work out what will happen and who will take over your business when you or one of your business partners leave the business, whether by choice or by circumstance.

The aim is to provide the business with a smooth transition in the event of one partner leaving so that disruption is minimised. Many people fail to consider what will happen to them, their business and their family if they suffer an unexpected serious injury or sudden death. In many cases this can lead to unfortunate outcomes for all concerned and frequently ends in disputes between ongoing business owners and the family or estate of the injured or deceased business owner as to what happens to the outgoing business partner’s share, how much it is worth, etc.

We can also offer advice if you are an executor or a beneficiary and a claim has been made against the estate or against your interest in the estate. There are time limits in which to claim, so if you wish to do so, you should contact us as soon as possible to discuss the claim.

You can also challenge a will if you believe that the person who made it lacked the mental capacity to make a will or had undue influence brought to bear upon him or her or if you believe the will is a forgery or there was any kind of fraud involved in the making of the will. Because of the time limits in which to make a claim, you should contact us as soon as possible if you have concerns in relation to the validity of a will .

At every stage of contesting or challenging a Will it’s important to have sound, experienced legal advice.

Regardless of the circumstances, if you are experiencing any conflict in relation to a will or a deceased estate, you can arrange a home visit with Katrina so that she can explain the legal process and your rights and start to work towards a solution.

Plan for success

Katrina’s depth of experience and knowledge in commercial law, business structures and taxation equips her to assist in the business succession planning process. She can draft an effective business succession plan for you and your business partners to ensure a smooth transition in the event of a planned or unplanned exit by one of the business owners.

The aim is to provide the business with a smooth transition in the event of one partner leaving so that disruption is minimised. Many people fail to consider what will happen to them, their business and their family if they suffer an unexpected serious injury or sudden death. In many cases this can lead to unfortunate outcomes for all concerned and frequently ends in disputes between ongoing business owners and the family or estate of the injured or deceased business owner as to what happens to the outgoing business partner’s share, how much it is worth, etc.

We can also offer advice if you are an executor or a beneficiary and a claim has been made against the estate or against your interest in the estate. There are time limits in which to claim, so if you wish to do so, you should contact us as soon as possible to discuss the claim.

You can also challenge a will if you believe that the person who made it lacked the mental capacity to make a will or had undue influence brought to bear upon him or her or if you believe the will is a forgery or there was any kind of fraud involved in the making of the will. Because of the time limits in which to make a claim, you should contact us as soon as possible if you have concerns in relation to the validity of a will .

At every stage of contesting or challenging a Will it’s important to have sound, experienced legal advice.

Regardless of the circumstances, if you are experiencing any conflict in relation to a will or a deceased estate, you can arrange a home visit with Katrina so that she can explain the legal process and your rights and start to work towards a solution.