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Planning for your death as a small businessman

Tom Winnifrith
Tuesday 9 April 2013

Bugger. I wrote a cracking piece on the train but Microsoft 8 saved another file on top of it and it is lost. Anyhow, I am now six down in five days with one piece in my head to rewrite and then I shall be zero columns in arrears with 24n.biz the online magazine for SMEs - my series on small business tips. Catch up continues...what the hell did I write on the train that was so good?

Of course you are immortal. Er… no you are not. One day you will die and the stresses and strains of running your own business might just make that rather sooner than you think. And so what happens when that sad day happens? Have you planned for it? As someone who owns and runs an SME your death planning is a touch more difficult than that of mere wage slaves.

No doubt you already have a will. You have left everything to your nearest and dearest. Or alternatively to the ex-wife. Good. That is the easy part. But what is your business worth without you and how is that going to benefit your heirs?

on 24n.biz | Comments
About Tom Winnifrith
Bio
Tom Winnifrith is the editor of TomWinnifrith.com. When he is not harvesting olives in Greece, he is (planning to) raise goats in Wales.
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