Monthly Archives: April 2023

DIY Wills – short term gains and long term pains

Posted on 24/04/2023 by Ben Ironmonger

When a loved one dies, it is of course a very emotional time for those around you. Therefore, having a professionally prepared Will in place will bring peace of mind for your family  and also ensures both your non-financial and financial wishes are carried out by your chosen executors. Some people choose to write their own Will and others may look to a free or budget friendly Will writing service, either because they believe it is simple to do or it is not worth spending more on instructing a solicitor. Whilst there is no legal requirement to have a Will, there are specific formalities and wording to ensure your Will is legally valid. So, if you are writing it yourself, you must ensure the correct wording is used and the Will has been signed and witnessed correctly. If your Will … Continue reading →

Posted in Scott Bailey News, Wills, Trusts and Probate | Tagged , , | Leave a comment

Getting your house in order: why waiting till you sell could be a mistake

Posted on 20/04/2023 by Caroline Newton

Economic uncertainty has many sellers questioning whether to put their property on the market. Whilst this decision comes down to personal preference, if you choose to hold off, you should still consider getting your property affairs in order to ensure a smooth sale when things change. One of the most common sticking points when selling a property is issues with deeds. Fortunately, most are relatively minor and easy to solve. It could be that you’ve changed your name or the name of your property, but you’ve forgotten to update the title deeds. If your property is registered with HM Land Registry, updating your details should be a simple case of submitting a form and providing some documentation. Regardless, this can hold up a sale, so it is worth getting it done before selling. However, things can get much trickier when … Continue reading →

Posted in Property, Scott Bailey News | Leave a comment

What is a shareholders’ agreement and why do I need one?

Posted on 18/04/2023 by Ben Ironmonger

If you’re a business owner, you know that there are a lot of moving parts to keep track of. One of the most important aspects of running a successful company is having a properly drafted shareholders’ agreement in place. At Scott Bailey LLP, we understand the importance and complexities of legal documents like shareholders’ agreements, and our commercial law lawyers are here to help you draft an agreement that protects your interests, as a shareholder and / or director, and ensures the smooth running of your business. Why you need a shareholders’ agreement A shareholders’ agreement is a legally binding document that outlines the rights and responsibilities of shareholders in a company. It covers a wide range of issues, including how decisions are made, how profits are distributed, and what happens if a shareholder wants to sell their shares. Having … Continue reading →

Posted in Corporate and Commercial, Insolvency and Restructuring | Tagged , , | Leave a comment

What should you consider when selling a nursery business?

Posted on 05/04/2023 by Ben Ironmonger

Are you thinking about selling your day nursery? If so, you may well have lots of questions about the process and what’s involved. Read on for a summary of some of the key steps you’ll need to take to sell your nursery business successfully. Step 1: What are heads of terms? Often, the first step in the sale process for most businesses is agreeing the heads of terms. These outline the key details of the transaction, such as the price, payment structure, and proposed timeframe. You’ll need to review and agree to these terms before moving forward. Some heads are intended to be binding, whilst others are more guidelines to keep everyone on track. Our experienced company and commercial solicitors in Hampshire can help prepare or review and negotiate these to help right from day one of the transaction. Step … Continue reading →

Posted in Corporate and Commercial | Tagged , , | Leave a comment