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Stuart J
Stuart J, Solicitor
Category: Law
Satisfied Customers: 22624
Experience:  PGD Law. 20 years legal profession, 6 as partner in High Street Practice
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I own a ltd company that has some cash and ownership of a rental

Resolved Question:

I own a ltd company that has some cash and ownership of a rental property in Turkey. I want to make sure that if I were to die that ownership and access to both the cash and the property are available to my family if such a situation arose. What documents need to be in place to ensure this is the case ? Is it via co documents (articles of association etc) a will (in the UK or does it need to be in Turkey) or something else ?
Submitted: 4 years ago.
Category: Law
Expert:  Stuart J replied 4 years ago.
Is this UK Ltd Co? Who owns the co shares?
Customer: replied 4 years ago.

It is a UK co yes and I own 70% and son owns the other 30%

Expert:  Stuart J replied 4 years ago.

If all assets and cash belong to the ltd co and you own the 70% of that co you simply need to make sure that the shares pass to whoever on your death and that someone who survives you is an authorised signatory on the company affairs.

That would sort it in English law, I assume that it would do the same in Turkey.

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Customer: replied 4 years ago.

Thanks - so to my question is this done via a will or articles of association (or other co legal document) ?

Expert:  Stuart J replied 4 years ago.

Not articles. They usually dont cover death. The shares
are left to whoever in an English will if an English co. Make sure they are
authorised signatory now to avoid lots of delays after death.

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