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The issues raised by a partner’s death or retirement are difficult, but need to be dealt with properly to avoid disagreements that end up in court, with often disastrous consequences for all concerned. It requires the family, and the professionals, to think about what will happen in the future. For those with no written partnership agreement, the Partnership Act 1890 provides a default set of rules, but these may not deliver the intended result. The Act dictates what will happen […]