Pizza Today - August 2023 - 28
OPERATIONS
Ins & Outs of Estate Planning
What happens to the business if something happens to you?
By Thomas Reinhard
E
state planning is one of the
easiest things for most folks
to procrastinate, because,
let's face it, most of us don't think
we are going to die anytime soon.
But, as business owners, we need to
be prepared for what will happen
in the event of a tragic event. We
owe it to our families, partners and
employees who rely on us to ensure
that a crystal-clear plan is in place
for business continuity.
General Estate Planning
Everyone should have a will that
details how you would like your
assets to be distributed upon death,
as well as any final wishes like burial
requests, funeral arrangements, etc.
If someone dies without a will,
referred to as dying intestate, a
court will decide how to distribute
assets based on your state's intestate
succession laws. It is important
to note that whether you die with
a will or die intestate, the assets
and affairs of your estate are fully
available to the public, unless you
28 / PIZZATODAY.COM / AUGUST 2023
utilize a trust, which we will discuss
below.
Next, each individual should have
two powers of attorney: one for
durable power of attorney, granting
an individual the ability to
manage your financial, legal and
other personal affairs in the event
of incapacity, as well as a separate
power of attorney for healthcare decisions.
The designated individuals,
referred to as " attorney in fact " , can
be the same person for both documents
or two different individuals.
You should also designate back-up
Photo via stock.adobe.com/ snowing12
http://www.PIZZATODAY.COM
http://stock.adobe.com/snowing
Pizza Today - August 2023
Table of Contents for the Digital Edition of Pizza Today - August 2023
Pizza Today - August 2023 - CT1
Pizza Today - August 2023 - CT2
Pizza Today - August 2023 - Cover1
Pizza Today - August 2023 - Cover2
Pizza Today - August 2023 - 3
Pizza Today - August 2023 - 4
Pizza Today - August 2023 - 5
Pizza Today - August 2023 - 6
Pizza Today - August 2023 - 7
Pizza Today - August 2023 - 8
Pizza Today - August 2023 - 9
Pizza Today - August 2023 - 10
Pizza Today - August 2023 - 11
Pizza Today - August 2023 - 12
Pizza Today - August 2023 - 13
Pizza Today - August 2023 - 14
Pizza Today - August 2023 - 15
Pizza Today - August 2023 - 16
Pizza Today - August 2023 - 17
Pizza Today - August 2023 - 18
Pizza Today - August 2023 - 19
Pizza Today - August 2023 - 20
Pizza Today - August 2023 - 21
Pizza Today - August 2023 - 22
Pizza Today - August 2023 - 23
Pizza Today - August 2023 - 24
Pizza Today - August 2023 - 25
Pizza Today - August 2023 - 26
Pizza Today - August 2023 - 27
Pizza Today - August 2023 - 28
Pizza Today - August 2023 - 29
Pizza Today - August 2023 - 30
Pizza Today - August 2023 - 31
Pizza Today - August 2023 - 32
Pizza Today - August 2023 - 33
Pizza Today - August 2023 - 34
Pizza Today - August 2023 - 35
Pizza Today - August 2023 - 36
Pizza Today - August 2023 - 37
Pizza Today - August 2023 - 38
Pizza Today - August 2023 - 39
Pizza Today - August 2023 - 40
Pizza Today - August 2023 - 41
Pizza Today - August 2023 - 42
Pizza Today - August 2023 - 43
Pizza Today - August 2023 - 44
Pizza Today - August 2023 - 45
Pizza Today - August 2023 - 46
Pizza Today - August 2023 - 47
Pizza Today - August 2023 - 48
Pizza Today - August 2023 - 49
Pizza Today - August 2023 - 50
Pizza Today - August 2023 - 51
Pizza Today - August 2023 - 52
Pizza Today - August 2023 - 53
Pizza Today - August 2023 - 54
Pizza Today - August 2023 - 55
Pizza Today - August 2023 - 56
Pizza Today - August 2023 - 57
Pizza Today - August 2023 - 58
Pizza Today - August 2023 - 59
Pizza Today - August 2023 - 60
Pizza Today - August 2023 - 61
Pizza Today - August 2023 - 62
Pizza Today - August 2023 - 63
Pizza Today - August 2023 - 64
Pizza Today - August 2023 - 65
Pizza Today - August 2023 - 66
Pizza Today - August 2023 - Cover3
Pizza Today - August 2023 - Cover4
https://www.nxtbook.com/emerald/pizzatoday/202410
https://www.nxtbook.com/emerald/pizzatoday/202409
https://www.nxtbook.com/emerald/pizzatoday/202408
https://www.nxtbook.com/emerald/pizzatoday/202407
https://www.nxtbook.com/emerald/pizzatoday/202406
https://www.nxtbook.com/emerald/pizzatoday/202405
https://www.nxtbook.com/emerald/pizzatoday/202404
https://www.nxtbook.com/emerald/pizzatoday/202403
https://www.nxtbook.com/emerald/pizzatoday/202402
https://www.nxtbook.com/emerald/pizzatoday/202401
https://www.nxtbook.com/emerald/pizzatoday/202312
https://www.nxtbook.com/emerald/pizzatoday/202311
https://www.nxtbook.com/emerald/pizzatoday/202310
https://www.nxtbook.com/emerald/pizzatoday/202309
https://www.nxtbook.com/emerald/pizzatoday/202308
https://www.nxtbook.com/emerald/pizzatoday/202307
https://www.nxtbook.com/emerald/pizzatoday/202306
https://www.nxtbook.com/emerald/pizzatoday/202305
https://www.nxtbook.com/emerald/pizzatoday/202304
https://www.nxtbook.com/emerald/pizzatoday/202303
https://www.nxtbook.com/emerald/pizzatoday/202302
https://www.nxtbook.com/emerald/pizzatoday/202301
https://www.nxtbook.com/emerald/pizzatoday/202212
https://www.nxtbook.com/emerald/pizzatoday/202211
https://www.nxtbook.com/emerald/pizzatoday/202210
https://www.nxtbook.com/emerald/pizzatoday/202209
https://www.nxtbook.com/emerald/pizzatoday/202208
https://www.nxtbook.com/emerald/pizzatoday/202207
https://www.nxtbook.com/emerald/pizzatoday/202206
https://www.nxtbook.com/emerald/pizzatoday/202205
https://www.nxtbook.com/emerald/pizzatoday/202204
https://www.nxtbook.com/emerald/pizzatoday/202203
https://www.nxtbook.com/emerald/pizzatoday/202202
https://www.nxtbook.com/emerald/pizzatoday/202201
https://www.nxtbook.com/emerald/pizzatoday/202112
https://www.nxtbook.com/emerald/pizzatoday/202111
https://www.nxtbook.com/emerald/pizzatoday/202110
https://www.nxtbook.com/emerald/pizzatoday/202109
https://www.nxtbook.com/emerald/pizzatoday/202108
https://www.nxtbook.com/emerald/pizzatoday/202107
https://www.nxtbook.com/emerald/pizzatoday/202106
https://www.nxtbook.com/emerald/pizzatoday/202105
https://www.nxtbook.com/emerald/pizzatoday/202104
https://www.nxtbook.com/nxtbooks/pizzatoday/202103
https://www.nxtbook.com/nxtbooks/pizzatoday/202102
https://www.nxtbook.com/nxtbooks/pizzatoday/202101
https://www.nxtbook.com/nxtbooks/pizzatoday/202012
https://www.nxtbook.com/nxtbooks/pizzatoday/202011
https://www.nxtbook.com/nxtbooks/pizzatoday/202010
https://www.nxtbook.com/nxtbooks/pizzatoday/202009
https://www.nxtbook.com/nxtbooks/pizzatoday/202008
https://www.nxtbook.com/nxtbooks/pizzatoday/202007
https://www.nxtbook.com/nxtbooks/pizzatoday/202006
https://www.nxtbook.com/nxtbooks/pizzatoday/expo_2020
https://www.nxtbook.com/nxtbooks/pizzatoday/202005
https://www.nxtbook.com/nxtbooks/pizzatoday/202004
https://www.nxtbook.com/nxtbooks/pizzatoday/202003
https://www.nxtbook.com/nxtbooks/pizzatoday/202002
https://www.nxtbook.com/nxtbooks/pizzatoday/202001
https://www.nxtbook.com/nxtbooks/pizzatoday/201912
https://www.nxtbook.com/nxtbooks/pizzatoday/201911
https://www.nxtbook.com/nxtbooks/pizzatoday/201910
https://www.nxtbook.com/nxtbooks/pizzatoday/201909
https://www.nxtbook.com/nxtbooks/pizzatoday/201908
https://www.nxtbook.com/nxtbooks/pizzatoday/201907
https://www.nxtbook.com/nxtbooks/pizzatoday/201906
https://www.nxtbook.com/nxtbooks/pizzatoday/201905
https://www.nxtbook.com/nxtbooks/pizzatoday/201904
https://www.nxtbook.com/nxtbooks/pizzatoday/201903
https://www.nxtbook.com/nxtbooks/pizzatoday/201902
https://www.nxtbook.com/nxtbooks/pizzatoday/201901
https://www.nxtbook.com/nxtbooks/pizzatoday/201812
https://www.nxtbook.com/nxtbooks/pizzatoday/201811
https://www.nxtbook.com/nxtbooks/pizzatoday/201810
https://www.nxtbook.com/nxtbooks/pizzatoday/201809
https://www.nxtbook.com/nxtbooks/pizzatoday/201808
https://www.nxtbook.com/nxtbooks/pizzatoday/201807
https://www.nxtbook.com/nxtbooks/pizzatoday/201806
https://www.nxtbook.com/nxtbooks/pizzatoday/201805
https://www.nxtbook.com/nxtbooks/pizzatoday/201804
https://www.nxtbook.com/nxtbooks/pizzatoday/201803
https://www.nxtbook.com/nxtbooks/pizzatoday/201802
https://www.nxtbook.com/nxtbooks/pizzatoday/201801
https://www.nxtbook.com/nxtbooks/pizzatoday/201712
https://www.nxtbook.com/nxtbooks/pizzatoday/201711
https://www.nxtbook.com/nxtbooks/pizzatoday/201710
https://www.nxtbook.com/nxtbooks/pizzatoday/201709
https://www.nxtbook.com/nxtbooks/pizzatoday/201708
https://www.nxtbook.com/nxtbooks/pizzatoday/201707
https://www.nxtbook.com/nxtbooks/pizzatoday/201706
https://www.nxtbook.com/nxtbooks/pizzatoday/201705
https://www.nxtbook.com/nxtbooks/pizzatoday/201704
https://www.nxtbook.com/nxtbooks/pizzatoday/201703
https://www.nxtbook.com/nxtbooks/pizzatoday/201702
https://www.nxtbook.com/nxtbooks/pizzatoday/201701
https://www.nxtbook.com/nxtbooks/pizzatoday/201612
https://www.nxtbook.com/nxtbooks/pizzatoday/201611
https://www.nxtbook.com/nxtbooks/pizzatoday/201610
https://www.nxtbook.com/nxtbooks/pizzatoday/201609
https://www.nxtbook.com/nxtbooks/pizzatoday/201608
https://www.nxtbook.com/nxtbooks/pizzatoday/201607
https://www.nxtbook.com/nxtbooks/pizzatoday/201606
https://www.nxtbook.com/nxtbooks/pizzatoday/201605
https://www.nxtbook.com/nxtbooks/pizzatoday/201604
https://www.nxtbook.com/nxtbooks/pizzatoday/201603
https://www.nxtbook.com/nxtbooks/pizzatoday/201602
https://www.nxtbook.com/nxtbooks/pizzatoday/201601
https://www.nxtbook.com/nxtbooks/pizzatoday/201512
https://www.nxtbook.com/nxtbooks/pizzatoday/201511
https://www.nxtbook.com/nxtbooks/pizzatoday/201510
https://www.nxtbook.com/nxtbooks/pizzatoday/201509
https://www.nxtbook.com/nxtbooks/pizzatoday/201508
https://www.nxtbook.com/nxtbooks/pizzatoday/201507
https://www.nxtbookmedia.com