Nobody likes to think too much about it, but inevitably you will one day have to leave your business or farm, whether by selling up, retiring or leaving for health reasons.
It’s really important to have a succession plan in place that makes the transition easy not only for yourself but also for your family or employees and minimises the chance of the business or farm having to be sold up when you leave.
A successful plan is made involving all family members as it will take into account not only provisions for your retirement income but also the plans, aptitudes and existing assets of younger generations.
When a death occurs, the family and executors may not have dealt with such a situation before. Managing a deceased estate is usually an area where legal assistance is necessary. The role of an executor carries with it significant responsibilities and can be quite stressful, which is why we will work with the executors to advise, assist and support them in their role.
Sadly a death can also lead to disputes. Was the deceased capable of making a Will? Has someone been unfairly left out of a Will? Have children, a spouse and dependents been adequately provided for from the deceased’s estate?
KF Solicitors can assist you with:
- Estate administration
- Drafting & updating wills
- Succession planning
- Testamentary Trusts
- Powers of Attorney
- Applying for Probate
- Assistance with claims against wills & estates
- Defending any claims against an estate
- Estate planning administration
- Letters of Administration where a deceased had no Will or no valid Will