Without proper planning, probate problems can torment family members or surviving business partners. Quite often, the problem stems from an inadequate estate plan of a business owner. There are estate planning strategies that help prevent unwanted probate and business entanglements after disability or death. These include using trusts, creative titling of real estate, beneficiary designations of personal property and insurance, coordination of wills, executors and powers of attorney, and a predetermined business continuation plan.
For more, click on this link to read the full article by Steve Parrish: Five Ways Business Owners Can Avoid Probate Problems