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Clare
Clare, Solicitor
Category: Law
Satisfied Customers: 34589
Experience:  I have been a solicitor in High Street Practice since 1985 with a wide general experience.
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My husband owned his own business 50 / 50 with his brother

Resolved Question:

My husband owned his own business 50 / 50 with his brother my husband passed away in march what am I legally entitled to regarding ownership / shares of my late husband
Submitted: 3 years ago.
Category: Law
Expert:  Clare replied 3 years ago.
Hi
Thank you for your question.
My name is Clare
I will do my best to help you but I need some further information first.
Did your husband leave a Will?
What type of business is it?
Clare
Customer: replied 3 years ago.

yes he left a will


 


Commercial cleaning company

Expert:  Clare replied 3 years ago.
Hi
What does the Will say about the business?
Clare
Customer: replied 3 years ago.
He has left me his estate ect. There was also a business insurance which my husbands life was insured, both share holders insured. Am I entitled to half or all and keep my shares. My husband said it was all for my shares but it's not working out this way.
Expert:  Clare replied 3 years ago.
Hi
What does the Business Insurance Cover?
Clare
Customer: replied 3 years ago.
Keyman but im not entitled to nething. Can u just tell me what im entitled as a share holder of 50%
Expert:  Clare replied 3 years ago.
Hi
The Insurance is payable to the firm - that is the whole point of it
Unless your husband's Will stated otherwise then his interest in the Business passes to you and you will have to negotiate with his brother as to whether you stay as a Shareholder or wish to sell your share
I hope that this is of assistance - please ask if you need further details
Clare
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