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Sharing Your Exit Plan with All Parties Involved - Including Family Members
In this episode of Why We Plan, John Brown, Founder of BEI and Elizabeth Mower, President of BEI discuss the importance of coming up with a contingency plan when the owner of a business unexpectedly dies.
As morbid as this topic might be, unfortunately we have to think about these kinds of situations. Elizabeth and John share their experiences of when an Exit Plan addressed planning for an unexpected death of an owner, but it was not properly executed due to ineffective communication to the owner’s family. Learn how to avoid these common mistakes and not add more stress to the families of a deceased business owner.