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I own a business
Keep the business running and the succession clear.
You run a company — maybe with a business partner, maybe solo.
Without a clear Will
- Ownership of your shares passes by intestacy, which may hand control to someone with no interest in the business.
- Without a plan, the business can stall while the estate is sorted.
With a Will
- You direct who inherits your shares or interest.
- You can align your Will with a shareholders' agreement or buy/sell arrangement.
Practical guidance for NZ
- Check any shareholders' agreement — it may override or interact with your Will.
- Life insurance is often used to fund a partner buying out your share.
Worth getting advice on
Business succession usually needs coordinated legal and accounting advice.
Ready to prepare for your own Will?
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