As a business person, you can decide to allow your family to either sell the business or continue running it after you pass away. For each of these two options, proper planning with a “probate attorney near me 11509” in tow is required to ensure that your business is passed onto the family without unnecessary tax liabilities.
Most individuals set up plans to shield their estate from probate but forget totally about securing their businesses. In the event of death, the business capital and equipment may be probated in court. Probate is an exhaustive process that business owners need to avoid at all costs. There are several plans you can make to keep your equipment from probate.