Turkeys don’t always vote the way you think!
Turkey magnate Bernard Matthews’ business is struggling as a result of family feuding over his will since he died three years ago, reported the Sunday Times.
His children denied his request not to contest a provision of his will leaving a French villa to his mistress (they won a 56% share of it) while only his illegitimate son inherited shares in the business, which is now suffering a lack of investment and may need a £30 million cash injection by an external investor.
Business owners need to take great care with the provisions of their wills regarding their business interests, since it’s essential that there is clarity about ownership and management.
We will work with your accountant and legal adviser to help you find a solution to these issues. Call us if you’d like to arrange an initial meeting at our expense.
Steve Clark