The Hidden Dangers of Neglecting Estate & Succession Planning with Attorneys Dusty and Jennifer King | E340

2024-06-17

EPISODE 340: Is your business prepared for the unexpected? Many small business owners don’t have a plan for business continuity in case of death or disability. They never thought that by neglecting this crucial aspect of their business, they risk depriving their families and employees of a secure future. In this week’s episode, we’ve invited experienced estate planning attorneys Dusty and Jennifer King. They reveal the most critical mistakes business owners often make and the consequences of not having an estate plan. Learn more about the basics of estate plann...

EPISODE 340: Is your business prepared for the unexpected?

Many small business owners don’t have a plan for business continuity in case of death or disability.

They never thought that by neglecting this crucial aspect of their business, they risk depriving their families and employees of a secure future.

In this week’s episode, we’ve invited experienced estate planning attorneys Dusty and Jennifer King. They reveal the most critical mistakes business owners often make and the consequences of not having an estate plan.

Learn more about the basics of estate planning, the importance of proper documentation, common misconceptions about estate planning, and much more.

Whether you’re just starting out or have been running your construction business for years, this episode is packed with knowledge on protecting your business and ensuring its continuity.

Don’t leave your business’s future to chance.

Tune in now!

Key Takeaways:

Introduction (00:00)

Meet Dusty and Jennifer King (01:08)

Common mistakes in estate planning (01:50)

Consequences of not having an estate plan (04:32)

Impact of probate on business operations (07:16)

Licensing issues upon the owner’s death (10:47)

Misconceptions about estate planning (17:26)

The basics of estate planning (26:12)

Operational considerations for business succession (33:33)

Importance of proper documentation (42:25)

Real-life case study (52:58)

How to find a good estate planning attorney (1:04:06)

Additional Resources:

- Join our FREE Get Out of Your Construction Business Masterclass HERE

- Download your FREE strategic planning guide HERE

- Schedule your FREE business evaluation call with our team HERE

Keep up with Dusty and Jennifer King

- Visit their website for more information HERE

- Follow King & King PLC on Facebook

- Need advice? Contact them at 251-501-6100 / 731-664-6864

The Construction Leading Edge Podcast helps construction business owners maximize their revenue, eliminate chaos, systematize their work, and win back their time.

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