You Must Remember This

• If you own a business, your estate plan will involve issues quite different from those covered by typical wills and other devices.

• Not only do you have to plan ahead for what will happen at your death, you’ve got to make plans for the business in case your health deteriorates and you become disabled.

• Regardless of whether the business interest will be sold or continued, the estate planning process is not for your personal benefit. It’s for the benefit of family members and employees who are left behind. Good tax planning can benefit them to the tune of hundreds of thousands of dollars.

• With the help of your lawyer, you can create documents--a will, a trust, a business successorship plan--that will ease the transition for your partners and employees, provide for your family, and reduce the chances that people will fight over the assets