As a small-business owner, you want to make sure you protect your interests. You work hard to keep your business up and running, but with declining sales and higher expenses, you're finding it difficult to make ends meet. You think the end is near but what options do you have?
One thing that may be very important to you is philanthropic giving. If it is, then you will want to make sure you include it in your estate plan. No matter how much you want to give, having it in your estate plan will help you give what you want to those who you feel need it most.
Are you single and believe that you do not need to prepare an estate plan? The truth is, single people need to have an estate plan as much as anyone else. Even as a single person you likely have a strong interest on where your assets will go once you die. Also, you should have considerations in place if you happen to become incapacitated at some point in your life. Without an estate plan in place, your wishes will not have any impact on either of these things.