Wills for Business Owners

The expert wills solicitors at JMW can help you to plan what will happen to your business and its assets following your death. We will help you to account for all of your business property and implement a will that is tax-efficient.

Get your succession planning process started today by working with our team. Call us on 0345 872 6666, or fill out an online contact form to arrange a time for us to call you back.

Trusted Wills Solicitors

Our team can help you with any aspect of creating or organising a will that includes the ownership of a business or business assets. Whether you require a specific part of your will amending or you require the whole process starting from the beginning, you can rely on our specialist wills team to help you. 

We can help business owners involved with any type of business, including sole traders, directors of limited companies and partners of limited liability partnerships (LLPs). Each business structure presents different challenges, and JMW's decades of experience in working with business leaders means we are prepared to handle them.

We regularly help our clients with the following wills services:

• Will Writing
• Inheritance Tax (IHT) Planning
• Asset Protection
• Charity Law
• Probate and Estate Administration

By working with our business wills team, you can manage any aspect of your will or succession plan with the support of experienced legal professionals.

A large part of effective succession planning involves managing tax. This is especially significant for business owners, as estates that include business assets can quickly exceed the £325,000 IHT allowance. Our team can help you to mitigate tax through the use of trust structures, and by identifying reliefs that may apply to your estate. In turn, this will mean that your beneficiaries receive a larger share of your estate. 

As a business owner, you may be required to pay the following taxes as part of your will creation and administration processes:

• Inheritance Tax (IHT)
• Capital Gains Tax
• Income Tax
• Stamp Duty Land Tax (SDLT)

Depending on the type of business that you run, you may encounter other taxes. Our team is dynamic and ready to assist you with any tax challenges you may face.

Why Choose JMW?

When you work with our wills and succession planning team, you receive legal guidance from trusted and experienced legal experts. JMW has received recognition as a top UK law firm by the Legal 500 and Chambers and Partners guides, and our wills and succession planning team has contributed significantly to this success.

We bring our expertise and friendly approach to every consultation, so you can be confident that we will work to meet your goals. When you contact us, we will hold an initial discussion to understand your objectives and needs, and we will explain what steps we will take to meet them.

Our service is bespoke, meaning we will work in the way that best suits you - whether you require us to guide you through every step of the process or wish for us to work behind the scenes while you focus on other important areas of your life. We will maintain transparency with you throughout so you can keep up-to-date with every development of your succession planning process and we will explain everything using jargon-free language to help you understand everything that is required of you.

Our team regularly works with high-net-worth clients and business owners, so we are familiar with the pressure that comes with handling high-value estates. You can trust us to know how to best manage yours.