Wills & Trusts Law Reports | December 2015 #155Thomas Edward Weetman (the deceased) died on 3 November 2008. His last will was executed on 19 September 2008 (the will). The principal assets in his estate (the estate) were shares in his company Weetman (Haulage & Storage) Ltd (the company) which he had successfully built up during his lifetime, and shares in a property known as Pasturefields Enterprise Park (the property) which the deceased owned but which was occupied, in whole or in part, by the company. The estate was of considerable value but illiquid. The will provided that fifty percent of the deceased’s shares in the ...
Frances Bailey and Steven Watson examine the options when dealing with family businesses ‘A lump sum payment may be ordered if it is established or accepted that the party will be able to extract liquidity out of the company to meet that payment.’When it comes to negotiating financial settlements, finding the right result for our …
Continue reading "Companies: Corporate raiders"
This post is only available to members.
