As a business owner, having a detailed estate plan is essential both for you and your business. After building a business, you may be thinking about more than passing on assets. You will want to have a plan for your business's future, too.

There is a lot to think about when it comes to an estate plan that includes your business. Talking to an attorney experienced in estate planning for business owners is essential in coming up with a comprehensive plan that covers all the right details.

4Sight Legal Services, PLLC, has been working with businesses and estate plans in the Southeast Tennessee area for over 35 years. We can help you plan for the future and implement succession planning that is consistent with your dreams and values.

Keeping Estate Plans Updated

It is tempting to think of an estate plan as something to check off your to-do list. An estate plan, however, needs an update every time you have a significant change in your life. When an estate plan is not up-to-date, it can be difficult for your loved ones to figure out how you intended for the plan to accommodate changes that took place after its creation.

We can help you keep your estate plan updated through all types of life changes, including:

  • Job or business changes
  • A change in assets or property
  • Your health needs change
  • A change in your relationship(s)

Keeping your estate plan up to date also fosters an ongoing relationship with your advisors so that they have a better understanding of your intentions for your estate. When your advisors have a firm grasp on your intentions, they can be more helpful clearing up any ambiguities in your estate plan, should they arise.

Ready To Get Started? Contact Us To Take Action.

Whether you need to create an estate plan or you need to update an old one, 4Sight Legal Services can help. Call 423-417-1431 to make an appointment with a lawyer in our Chattanooga office, or contact us online.

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