Procrastination on Estate Planning Can Land A Small Business in Probate Court

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Procrastination on Estate Planning Can Land A Small Business in Probate Court

By Frank L. Brunetti on May 14th, 2012

Many business owners hope that the companies they have built will outlive them and help build a family legacy. Too often, however, business owners procrastinate when it comes: (i) to estate planning, (ii) to taking advantage of gift tax exemptions and (iii) to utilizing trusts – all strategies that can help keep a company out of probate court.

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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.

© Frank Brunetti, Scarinci Hollenbeck | Attorney Advertising

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