Estate Planning for Business Owners: What Happens When You Die?

Business owners must make the same “what if…” plans as individuals. For example, what happens to your business if you die? What if you become incapacitated and cannot make essential day-to-day, legal, or financial decisions? How do you want your business to continue (or not) in the case of sudden or traumatic death?

The answers to these questions may seem obvious to you. However, if you were to die or become incapacitated without a legal business succession plan in place, a judge may be the one to determine all of the answers and more.

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