Small and family business owners have heard many nightmares about similar businesses that have had problems with probate. Many of the stories are true. However, with careful planning most of the problems associated with probate can be avoided.
Business owners normally fear probate because of the numerous nightmare stories they have heard about it. Many small businesses have had problems with probate. In the worst cases, the problems have led to the end of the business itself.
However, the truth is that most probate problems can be avoided with proper planning.
Recently, Forbes published an article titled “Five Ways Business Owners Can Avoid Probate Problems.”
Their helpful list includes the following tips:
Questions about these tips and how they can be put to work for the benefit of your business should be directed to an experienced estate planning attorney.
Reference: Forbes (May 4, 2015) “Five Ways Business Owners Can Avoid Probate Problems.”
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