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Your business needs an estate plan

For many entrepreneurs, the business they started from the ground up is considered their “baby.” All the blood, sweat and tears put in are worth it to watch it succeed.

So why don’t more businesses develop an estate plan for their business? People with significant assets and a family create a plan for how those assets and their loved ones are going to be taken care of after their death or in the event of their incapacitation. It stands to reason that business owners should do the same for their “babies.”

If you own a home or have children, start estate planning now

Far too many people put off estate planning until they are in their 40s or 50s. People like to believe that they will live to or exceed the average life expectancy for their generation, race and age. However, it's impossible to predict when and why someone could die. Someone in peak health could die at a young age, thanks to an accident. Sudden medical events can also end the life of someone who is otherwise seemingly healthy.

Waiting until you approach retirement age to begin estate planning puts your family at unnecessary risk. While Texas will assign your assets to your spouse or children if you die without an estate plan or last will, there could be weeks or months of delay as your family deals with probate court. If you take the time now to create an estate plan, you and your family will have protection from the unpredictable and peace of mind about financial matters.

The right commercial lease for your business

When starting a business, every contract and every deal makes a difference. Once of the most significant deals is the lease on a property. While most entrepreneurs already know how residential leases work, commercial leases are more complex and come in many different structures.

For the most part, residential leases are standardized. In the commercial realm, there is too much variety for that to work. Different business types, different zoning restrictions and different buildings each have unique needs and uses.

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502 N. Ridgeway
Cleburne, TX 76033

Phone: 817-506-3120
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