Will you or Will you not

People tell me that lawyers are the worst. We tell everyone that they should all have a Will, but half of us don't have one ourselves.

Well let me tell you this: I've got one.

Let me tell you something else: I've had people in my office who've been going to do a Will for ten years and never got around to it. Then suddenly something triggers them, they come in, they get it done, and you know what? They walk out the door as if they've just had a huge weight lifted off their shoulders.

What is that business worth?

Putting a price tag on a business is not an exact science. But you can leave a lot of money on the table if you don't get some advice about what it might be worth.

I'd advise clients to seek valuation advice in the following situations at least:

1. If you are thinking about buying a business;
2. If you are thinking about selling your business;
3. If you have a new shareholder coming on board and need to decide what that new shareholder should pay coming in;
4. If you are restructuring and maybe transferring shares from one entity to another, such as to your Trust;
5. If things have gone bad. This could be where the shareholders are at war and maybe one is wanting to buy the other out;
6. If you and your partner have decided to separate. The shares may often be relationship property.

You Guaranteed What!

There's a good reason why Bank's say you MUST see a lawyer before you sign a guarantee.

And what might that be?

Simple. If the punter they lend money to doesn't front up then they are coming after you. Make no bones about it.

So we'll tell you all the bad things about that guarantee, and then you'll probably sign it anyway. Because if you don't - no money.