Hosted by Armando Roman

Estate Planning Essentials Before Selling Your Business

In episode #44 of the #FoundersGuidePost Podcast, my business partner, Tom Marki, and I cover the important estate planning aspects that business owners need to consider when they’re planning to sell their business.

This is a checklist we like to use with our clients to help them effectively navigate the complexities of updating and maintaining their estate plans as they face life’s changes.

DOWNLOAD THE CHECKLIST

In our conversation, we cover several crucial areas:

• The vital role that key personnel play in keeping the business successful after it’s been sold.
• What needs to be thought through when planning to hand over the business to family members.
• The processes involved in valuing and appraising the business.
• The importance of addressing any liabilities and putting together competitive compensation packages before you approach potential buyers.

We stress the importance of starting this planning early and approaching it strategically.

Estate Planning isn’t just about the financial or legal sides; it’s a multifaceted process.

Our goal with this episode is to equip founders with the tools and knowledge to make this process simple..

---

What You’ll Learn:

1. Schedule Regular Reviews: Regularly review your estate planning documents to ensure they align with current laws and life changes.
2. Utilize Comprehensive Services: Engage with professionals like those at Axiom Founder’s Family Office to collaboratively update and maintain essential estate documents.
3. Address Key Planning Elements: Consider state-specific laws, upcoming tax changes, and select appropriate trustees and powers of attorney for your estate plans.

Watch The Founder’s Guide Post on YouTube:

LOVED this episode? Leave us a review and rating here.

---

Links & Resources

Preserve Your American Success Story!

Find Armando on LinkedIn

Find Tom on LinkedIn

---