08/28/2026
If you own a business, your estate plan should consider more than who inherits your shares.
One of the most important questions for any business owner is: what happens to the business if I am no longer able to manage my affairs — temporarily or permanently?
A Will, Continuing Power of Attorney for Property, and Shareholder Agreement each serve a different purpose. The important part is making sure they are reviewed together and do not create conflicting outcomes.
For example, your Will may provide for your shares to pass to a particular beneficiary, while a Shareholder Agreement may contain a buy-sell provision that applies upon death. Incapacity raises a different set of issues altogether, including who can exercise your rights as a shareholder and how the corporation will continue to operate.
Succession planning is not only about what happens after death. It is also about business continuity, decision-making and protecting the people who depend on the business.
If you own a corporation, particularly with other shareholders or family members involved, these are matters worth addressing before they become urgent.
📩 Contact us to discuss business succession and estate planning.
This is general information only and does not constitute legal advice. Every business and situation is different, and legal advice should be obtained based on your specific circumstances.
