What to coordinate
Your plan and your business should work together
Business interests often pass by different rules than your other assets. Your operating or shareholder agreement may restrict who can own an interest, and without planning, your business could end up tied up in probate when it needs a decision-maker most.
- Review how your business interests are titled
- Coordinate your will or trust with your operating or shareholder agreement
- Give your agent authority to act for your business interests if you’re incapacitated
- Consider holding business interests in a revocable trust
- Identify who should step in — and who shouldn’t
Scope
Coordinating your personal estate plan with your business is part of our planning process. Sophisticated business succession planning, estate-tax planning, and advanced asset-protection structures are outside the standard flat-fee packages and quoted separately.