Talking about Wills and estate planning can be an emotional subject that many people want to avoid. In this column Steve Parrish observes how talking about death can evoke an emotional response in business as well as personal affairs. “No matter what kind of a company you own, people are likely involved – and emotions are part of the baggage.” Conflicts can often happen in a family-owned business when a death occurs. Fights and friction are not just limited to family-owned businesses either, they can also happen with closely-held businesses and publicly-held companies. This column discusses some of the important estate planning techniques that people can use to help control the adverse effects of disputes and disagreements. There are methods that business owners can use to mitigate problems and fulfill their aspirations.
See Steve Parrish, Don’t Be So Emotional: Drama-Free Business Estate Planning, Forbes, November 9, 2015.
Special thanks to Jim Hillhouse for bringing this article to my attention.
