Did you know that your spouse has no legal authority to manage your businesses affairs if you are unable to make decisions? If your business is at the heart of your family’s income, we recommend our business survivorship package which includes preparing and drafting a Will and Power of Attorney for you and your partner/spouse.
Top reasons to get a Will or Power of Attorney:
A Will is your instructions on what you want to happen to your property and estate at the time of your passing. Without a Will, your estate becomes subject to upto 40% inheritance tax and your property could go to the wrong person. It is as important as a budget and is a necessary part of your financial planning.
A lasting power of attorney allows another person (an attorney) to act on your behalf if you are unable to make your own decisions. This is strongly recommended for business survivorship. It takes 8 weeks to be registered and can only be done whilst you have capacity to make your own decisions. Get one today and have peace of mind.
Contact
Get in touch with Beacon Avenue Law for general enquiries, feedback and requests for information.