The Private Business Shareholder
If David and Bruce in THE FAMILY BUSINESS OWNER had formed themselves into a Limited Company, much the same scenario would play itself out, except that the company would not fold immediately.
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THE FAMILY BUSINESS OWNER On the death of one or both parties upon making a Will.
David and Bruce run a small engineering company in partnership. They started the business out of their redundancy packages two years ago to manufacture rotary oil pumps.
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THE BLENDED COHABITING FAMILY On the death of one or both parties upon making a Will.
The scenario of the cohabiting couple in a new – ‘blended family’- after the death of a cohabiting partner or spouse, is even more convoluted than in COHABITING COUPLES.
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THE BLENDED FAMILY – or MARRIED COUPLES – with CHILDREN – THE SECOND TIME AROUND On the death of one or both parties upon making a Will.
With almost half of marriages ending in divorce and the increase in second marriages, the subsequent – ‘blended family’, creates its own unique problems in succession terms.
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COHABITING COUPLES – with CHILDREN On the death of one or both parties upon making a Will.
Albeit there has been a lot of changes in law recently to equalise the rights and options of SAME-SEX couples with those of MARRIED couples; at the present time, a cohabiting couple family does NOT HAVE similar rights and equalities.
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MARRIED COUPLES – with CHILDREN On the death of one or both parties upon making a Will.
Jack and Sarah were living together for 5-years, they had their daughter Jane, who is now 18. Upon her birth they decided to get married and later followed up with other children, Mark who is now 14 and Matthew who is now 12.
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