To ensure peace of mind for you and your loved ones, it’s vital to have estate planning in place long before you need it so that your wishes in the event of death or incapacitation are completely and lawfully enforceable. 

For business owners, it’s even more important to have a strong plan in place, but most business owners don’t make one before it’s too late. If you run a small and/or family-owned business, with all the responsibilities on your shoulders day to day, estate and succession planning might be the last thing on your list of priorities. But we encourage you to consider the consequences for your loved ones and your business if something should happen to you and you don’t have a solid legal estate plan.  

We want you to be in the driver’s seat and fully in control of what happens in the future, so consider the following steps to make sure your business and family are prepared and protected before your passing. 

Smart Steps to Consider for Business Estate and Succession Planning

It’s smart to take action with your estate plan sooner than later, and the team at Smith Barid can help guide you every step of the way. 

If you’re looking for how to get started with business estate planning, the process can be complex but the steps you need to take to get started are easier than you might think. After that, your lawyer can guide you through the process in a simplified way to bring you clarity and peace of mind with your estate plan.

Talk with your family to plan and prepare the next generation for succession of your business while you still have an active leadership role in it.  The team at Smith Barid can help you develop a succession plan and have a legally binding agreement detailing what happens with the financial aspects of your business. Learn more about succession planning here.

What a business lawyer can do to help you create an estate plan:

When you hire a Savannah business planning lawyer they can help with executing your estate the right way. The team at Smith Barid can:

  • Help you get clear on your wishes for your estate and make sure those wishes are followed
  • Clear up common myths and misconceptions around estate planning so you’re making informed decisions
  • Draw and help execute legally binding plans for succession and shares of your business
  • Explain and plan for tax implications and benefits for your loved ones
  • Protect your business and ease the transition of your company in your absence
  • Save you and your loved ones from financial loss 

If you’re ready to talk to a team member about planning for the future of your business, contact us today to get you prepared to create or update your estate plan.