Estate Planning for Business Owners: What You Need to Know

Estate planning becomes significantly more complex when abusiness is part of the estate. This episode accompanies my new article and video, both of which explain what Canadian business owners need to understand long before they leave shares to beneficiaries or expect an executor to navigate the company after death.A business introduces legal and tax issues that do not arisein a typical estate plan. Shareholder agreements may override your will. Corporate documents can require your estate to sell shares back. The deemed disposition rules can trigger substantial tax. Without proper post mortem planning, families may face liquidity problems or even double tax.This week's episode is designed to help business owners understand the issues so they can work effectively with their legal and tax professionals.Read the full article for more details.#nexsteps #estateplanning #businessowners#successionplanning