Estate planning is rarely a straightforward, simple process. Rather, it requires thoughtful, detailed consideration of how to plan for the eventual transfer of your estate to your loved ones. However, for those with blended families, this process can become even more complex.
You've worked hard, and you've been with your employer for several years. You were shocked when your employer told you that they'd be shutting their doors. The business has always seemed busy, and it didn't make sense that the business would have to close.
Many people do not enjoy thinking about their estate plan. You think once you have it finished, you shouldn’t have to think about it again, right?
Your business did well for years, but when the economy took a downturn, and the local residents began to move away, many of the people who were your regular clients disappeared. You thought it might get better over time, but each year resulted in lower profits until you had none at all in 2018.