There are many documents and tools to prepare for what happens to a business when you pass away or become incapacitated. Learn about business planning considerations.
Recommended Planning Tools
- Buy-sell agreement
- Durable power of attorney (for incapacity)
- Will and/or revocable living trust
- Succession planning for family transitions
Key Considerations
If you want to keep the business within the family or pass it to a close loved one, plan exactly how that transition will work and how the next generation will step into your shoes to run the business.
Integrate business planning with your overall estate planning strategy.
