Estate Plan Checkup - How to avoid disputes in a closely held business

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So, your will or living trust is completely signed (finally!) and you have your durable power of attorney and your health care directive taken care of. Are you finished with your estate planning? Maybe not …

If part of your estate is an interest in a closely held business, make sure that the internal affairs of the business and the agreements with your business partners are taken care of so that transition of your ownership and/or management of the business will be as smooth as possible. Here are some items you may want to verify as part of an “estate plan wellness checkup” for your closely held business...

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

© Lane Powell PC | Attorney Advertising

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