TIB661 What Happens To Your Business When You Die with Vanessa Emilio from Legal123
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What do you think about planning for the future of your business after you’re gone? Many business owners shy away from planning for the future and protecting their assets—like figuring out what happens to your business when you pass away.

Vanessa Emilio from Legal123 brings her law and finance expertise to guide us through the essentials of will preparation, the importance of updating your will after major life events, and the key legalities tradies need to include in their quotes. Vanessa highlights the significance of will preparation not just for personal assets but also for business owners.

Vanessa explains why having a properly written will is important, specially for those with blended families or multiple businesses. She also covers the potential consequences of skipping this process, like costly trustee fees and legal challenges that could affect your family.

They also chat about the key legal must-haves for tradies, ways to avoid costly mistakes, and why handing off admin tasks can free you up to focus on what really matters in your business.

Click HERE for more helpful resources and potential discounts on services with Legal123.

Tradies In Business

Nicole Cox

Whether you’re a plumber, electrician, builder, motor mechanic, landscaper, tiler, glazier, painter, carpenter, concretor or any of the myriad of trades and contractors that keep the world running, this podcast has been produced with you in mind. Your host, Nicole ‘Nic’ Cox, was born into a tradie family and has first-hand experience of the gut-busting, money stress and pressures that trade businesses can place on their owners and their families! Nic strongly believes in the opportunity that exists for all tradie business owners to create a flexible, financially secure business for now and for their families’ future. She interviews guests on a range of topics such as marketing, finance, human resources, legal issues, mindset, motivation, physical and mental health, industry updates and more! Nic loves a laugh and a good story, so tune in for a unique look at how to ‘get off the tools’ and break the cycle of financial hardship and stress to create the trade business you really wanted!

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