What are the Ten Most Serious Estate Planning Mistakes Business Owners Make?

1. Fail to communicate the essential information required to continue to run the business
   
2. Fail to consider the possibility of disability
   
3. Fail to face the reality of mortality
   
4. Fail to plan for succession in the business
   
5. Fail to secure the funds for purchase of the business by your family or employees
   
6. Fail to provide funds for equal division of family wealth
   
7. Fail to build a second estate to eliminate financial dependence on the business itself
   
8. Fail to protect family privacy
   
9. Fail to eliminate potential in-law/second spouse invasion
   
10. Fail to build, use and pay for a strong team of professionals

• Incorporation and counseling
• Limited liability companies
• Limited and general partnerships
• Buy-sell agreements 
• Recapitalizations