Business Wills
Most businesses do want the certainty and peace of mind that comes with knowing they are looking after their family, co-directors and team. The process starts with a discovery meeting which is all about getting to know the client, their family and the business. We guide them, identifying areas that may need consideration. A plan is agreed and then worked through in bite-sized chunks – eventually creating a robust Contingency and Succession plan for the business.
“One big part is not only dealing with the straight-forward, more obvious stuff, but also getting the business owner to sit on a cloud and talk about all the stuff that could be a problem. Like who their natural successor would be – often not the one the rest of the team might agree with”
Support extends from Wills, Business Wills, Powers of Attorney, and Trusts, to include anything from Protection advice – ensuring money is made available to the business – through to legal agreements and guidance and role/person descriptions for possible successors.
It is reassuring that we have even been known to step in and help out on an interim basis to steady the ship following a death or serious illness – a gesture very much appreciated by the company and the family at such a horrible time.
Mendy & Watt can coordinate with Accountants, Tax Advisors, and Solicitors for issues surrounding valuations, shareholding, and company agreements.
Clients then sign up for regular reviews once everything is in place.
Heading up the team is our business specialist, Wendy, a trusted adviser, speaker and occasional interim. She motivates and supports business owners to get robust plans in place should they become ill or even die whilst running their business. As a director of a multi-million pound turnover UK manufacturing company for over 20 years, Wendy is an expert in her field. Unusually combining a broad-based understanding of the challenges of running a business with the necessary legal and financial background to produce Contingency and Succession plans for business owners, her light-hearted, no bull approach is generally well received by her clients who are forced to answer some uncomfortable questions on occasion!
She admits she has reached an age where she can pick and choose what she does and who she works with! She is fortunate in having a background that can be utilised in many ways by the companies she works with, and it is this variety which she finds really enjoyable and continues to feed her enthusiasm for what she does.