09/03/2026
I see this one constantly: a business owner brings on a partner, converts their LLC to an S-corp, or updates their operating agreement — and nobody thinks to touch the estate plan.
Six months or six years later, the estate plan and the business documents are telling two different stories. The operating agreement says one thing about what happens to your ownership stake. Your estate plan says another. Nobody planned for them to conflict — they just drifted apart because one got updated and the other didn't.
Here's the rule of thumb: any time your business changes in a meaningful way, that's your signal to pull out your estate plan and check it against the new reality. Not next year. Now.
If you've restructured, added a partner, or changed entities in the last couple of years and haven't looked at your estate plan since, it's worth a check.
Business Law Group | New Orleans, LA