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Business Owners

Blacks Solicitors’ Wills & Probate team specialise in providing a friendly, clear, and cost-effective service to business owners.

It is critical for anybody involved in a business to have a Will specifically setting out what should happen to their business interests in the event of death.

Blacks’ Wills & Probate team provide directors, shareholders and sole traders with bespoke advice on how to pass on their business interests to loved ones under the terms of their Wills in the most tax efficient manner possible.

Directors/Shareholders

We can advise you on the inclusion of Discretionary Trusts to provide your Executors and family an opportunity to distribute the business assets in a tax efficient manner. Without such bespoke Will drafting, a significant opportunity to mitigate Inheritance Tax liabilities could be lost.

Our team can also advise you regarding Lasting Powers of Attorney (LPAs). Failure to make a business LPA can have a serious, detrimental impact on the business so it is critical that directors understand the importance of having an LPA in place.

We can provide expert guidance and advice on how to correctly draft an LPA to suit both your needs and those of the company as well.

Sole Traders

For a sole trader, a Will is of particular relevance as it should set out clear instructions on giving Executors power to carry on running the business.

The Will can also suggest whether the business is to be continued longer term, wound up, or sold.

Without such express powers, the Executors may not have the authority to carry on running the business which could be detrimental to the Estate.

 

For more information about Blacks’ Wills & Probate services, or for a no obligation discussion, please email or call us today on 0113 207 0000.

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What our clients say

  • I engaged with Nadine Owens of Blacks to prepare my parents wills and LPAs. The service that Nadine offered was both professional and personable. Ultimately it was a very difficult situation for Nadine to deal with but she handled the whole process fantastically well, always on hand to provide advice and ensure that we were all updated every step of the way. I would have no issues in recommending Nadine and Blacks moving forward, based upon my experiences to date.

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  • Lucy was incredibly helpful and efficient and it was all sorted and carried out effortlessly and in a friendly manner, which makes the whole situation far more bearable, especially for my Dad. Lucy is an obvious credit to your team.

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  • I just wanted to say thank you for everything you have done for us. It was a great relief to me when you took on the probate for us and guided us through the process. In the past, we have always found Blacks extremely helpful and professional and this continued with sorting out my mum’s estate. Thank you so very much.

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  • It has been so good to talk it all over with you. You understand the issues so well and clearly grasp what I want to achieve.

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  • I’ve had such good service from you once again. It’s good to know that when I get in touch, you will be here and will be able to keep on looking after things for me so well.

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  • Outstanding service. Your technical knowledge, attention to detail and efficiency have been second to none and without it I am certain that we would not have achieved such a good outcome. The way you have dealt with me as a client has been sympathetic at a difficult time but also you have a friendly, professional and approachable manner meaning I felt I could talk to you about anything and have the confidence that you would have the right answers. I would have no hesitation whatsoever in recommending you to friends, family, colleagues and acquaintances.

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  • Throughout the process Nick has acted with care, sensitivity and attention to detail. Not all matters have been entirely straightforward but Nick has provided clear and accurate advice, has always been available (even during his holidays) and has dealt with matters promptly and efficiently, whilst always keeping me informed.

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  • 
Nick was very prompt, polite, knowledgeable and patient. He offered us some great advice on how our new will could be drafted to maximise the benefit to our family, whilst taking the interest of our employees into consideration… Based on my experiences, I would have no hesitation in recommending Blacks to anyone looking for quality, efficient legal services.

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  • I have recently been supported in a legal matter by Nick Rhodes of Blacks Solicitors. He has been professional, efficient and responsive throughout our interaction. His advice has been sound and invaluable through what is a very difficult ongoing process.

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  • Lucy Rigden was outstandingly efficient and helpful.

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  • I know nothing about the law. At times like these you need a solicitor who can explain so as to enable a client to make intelligent, rational decisions with appropriate advice. Lucy did all of this for me.

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  • Lucy – thank you so much for all your help whilst we were over in the UK. It was a pleasure working with you and I would not hesitate to recommend you to any family or friends.

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