Sheri Wicks in The Advisor by NLOWE | Key Estate Planning Considerations for Business Owners
April 2, 2019
By Estates & Trusts Team, at McInnes Cooper
For business owners, estate planning is directed at protecting the business’s legacy as well as the financial security of both family members and key business stakeholders in the event of their incapacity and, ultimately, death. Without proper planning, your wishes may go unfulfilled, your estate will likely pay more, and ultimately, your beneficiaries get less. While all estate plans estate plans share three key ingredients, business owners have additional planning considerations. In its article, Key Estate Planning Considerations for Business Owners, as published in the Newfoundland & Labrador Organization of Women Entrepreneurs’ (NLOWE) the Advisor (PDF here), McInnes Cooper’s Estates & Trusts Team outlines three key estate planning considerations for business owners.
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