There are many things involved in closing a business, so having an estate plan can ensure that the people left behind, whether it’s the employees or the family of the owner, will be protected and will receive the inheritance the owner chooses. Today we are here to talk more about how to plan for your estate as a business owner.
Business Owner Tips for Estate Planning | Lawyer in Raleigh NC
If you have employees, whether you have two or 200, they should be aware that you plan to close the business either at retirement or when you pass away. No one wants to be blindsided and learn that the job they’ve been with for years has ended because the owner unexpectedly dies. While it is not necessary for your employees to know all the details of your estate plan, they should know the basics and they should be involved in the plan to properly close the business on your behalf.
To learn more about this, be sure to check back with our next blog. We will have more information for you there. Also, contact our lawyer if you have questions.
Eldreth Law Firm | Lawyer in Raleigh NC
Our lawyer in Raleigh NC is here to help you with all your small business needs. Whether you're starting a new venture or making changes to an existing company, we can help with legal situations. Contact us to make an appointment!
As always, feel free to contact us with any questions or concerns you may have about estate planning. Also, contact our lawyer in Raleigh NC to schedule a consultation if you have yet to start estate planning. It's never too early to make plans for your wishes upon death. In addition, our lawyer is here to help you with all your legal matters, whether it be estate planning, divorce, child custody, trademarking, copyrighting, or DWI issues.
