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Protect your business interests through good estate planning

Published January 22, 2009

If you own a business, whether you are a sole proprietor or own jointly with partners, it is important that you take into consideration how you want your business and its assets to be handled when you are no longer able to contribute to its maintenance and growth.

You may want your business to be liquidated upon your death and have the resulting assets distributed to your loved ones as you see fit. If you have partners, or even if you do not, you may wish to see your business continue in which case you need to have a plan for succession of ownership.

No matter what your wishes are for your business, working with a lawyer to create a proper estate plan will ensure that your hard work will continue to pay benefits even after you are gone.

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