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If you've prepared a will for your business assets, consider the implications if you're in a limited company with shareholders or partners. If your shares or partnership interest are passed to family members unfamiliar with your business, it could lead to dissatisfaction among existing partners and hinder business operations. Additionally, if your family has young children to care for, they may struggle to manage the dual responsibilities of grief and business management. This scenario could adversely impact the business. Ultimately, it's crucial to assess whether your family would prefer to actively participate in the business or receive a lump sum instead to replace lost income.
