Approaching a business restructuring is not an easy task, nor an easy decision. However, there are four factors Texas business owners should consider that can help them make their decision.
These four factors include:
Should I use a will or a revocable living trust?
When you begin estate planning, one of the first decisions you may need to make is whether you want to use a will or a revocable living trust. Both documents allow you to plan how you want your wealth distributed after you die, but they work in different ways.
Neither document is inherently better than the other, but one may be better than the other for your unique situation. Understanding the differences between the two documents can help you make an informed decision.
How could an estate plan save your small business?
Does your estate plan include your small business? All too often, when a business owner dies, their spouse and children must make difficult decisions about the future of the business. Without a will or succession plan, you may put your family’s finances, your business partners, and even your clients at risk.
