Do you own a small business or plan to start a new business with a partner/co-owner? Have you considered what will happen in the event of your death or your business partner’s death? What if your business partner is sued for divorce or declares bankruptcy? All of these events (and more) may negatively impact the operation of your small business. It is important to plan ahead.
I often have friends ask me, "Can't I just go to Legal Zoom and do a Will?" or "How much does it cost for a Will or a Trust?" Both of these questions reveal the mistaken belief that lawyers sell paper, and that its just a matter of getting the right "template" for the situation and then filling in the blanks. I suppose the thinking is that the better lawyers have better templates, or that more experienced lawyers know how to fill in the blanks more accurately or efficiently. Interesting concept.