What role does a company play in an estate plan?
A company never dies. Hudson Bay Corporation was granted its Charter in 1670. Although the original shareholders are long gone the company continues to this day In other words, while people come and go a company may live on indefinitely. If you are part of a family business and properly structured one can play a major role in any estate plan. Further, when your will(s) are drafted correctly, there is no probate fee when shares are transferred to subsequent generations on death.