Business estate planning is the process of arranging your business affairs now to ensure there is no unnecessary deterioration or loss of continuity in your business should it lose you or one of the other owners or other key people through illness, injury or death.
It should also give the continuing owners the right to buy the interests of the deceased or disabled owner, and ensure that the departing owner or their estate will be fairly compensated for giving up their rights to the business. In this way, a business estate plan provides all owners and their spouses and families with legal certainty should the unforeseen occur.
Your business estate plan is also concerned with ensuring your business has the financial resources to fund the plan.
We can help you create an estate plan which will ensure you and your business will be financially cared for should the unexpected happen.