Employers plan for the worst in all aspects of their companies so that they are prepared. But when it comes to a family business, the worst is often divorce and how this plays out in your company.
Handing over the keys to your estate before you pass can be done through a Power of Attorney. A Power of Attorney allows you to designate someone—a close friend, family member, or even financial institution—to manage your affairs in the event you become unable to do so due to disability or old age.
You have finally done it! You talked with your spouse and made tough decisions regarding end-of-life planning. You made peace with the fact that someday you will be gone, and it will be easier on your loved ones if you have an estate plan in writing with your wishes.
A new year provides the opportunity to address all of those lingering issues that get lost in the rush of day-to-day life. One of those issues is making sure you have an effective estate plan.