Consider all the angles when preparing a will

My wife and I are equal owners of our company. My will provides for my share of the company to pass 50 per cent to my wife and 50 per cent to my three children. Our home is in both our names. If something happens to me or my wife what happens to the company's assets?

If you die and your wife survives you, she will own 75 per cent of the company shares and your three children will share 25 per cent equally. Likewise, if your wife dies first you will own 75 per cent of the company and your children will share 25 per cent equally.

via Business feed http://www.scmp.com/business/money/expert-qa/article/1131058/consider-all-angles-when-preparing-will