Episode 66: What to do when your business partner (and/or life partner) suddenly passes
October 31, 2022
Do you have a plan for what would happen if you were no longer able to run your business? How about a plan if your business partner suddenly passes? Or what would happen to your business if your life partner was to pass? These are discussions that many people find uncomfortable and would rather not think about let alone plan for. But consider, would you rather have a plan your spouse can put into action if you were to pass or leave them with a business they know nothing about nor what to do with? In this episode, Sarah and Trudi draw on personal experience to discuss this sensitive topic. The importance of having a plan as well as some factors you may consider in that plan. They touch on wills, life insurance, business succession, and much more. Regardless of what stage of your life this episode will provide you with practical tools and tips to ensure your and/or your loved ones can grieve without added business stress.
Podcast Transcript Available Here
Duration: 25:12
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Just two industry experts (and guests) having a friendly chat and sharing our knowledge. We aim to raise your knowledge base and dis-spell any myths surrounding finance. tax and a range of other financial topics.
This is a safe space to ask questions and hear useful info on financial matters.
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DISCLAIMER- The information and material in this podcast, and supplementary and associated information available, is for general information only. It should not be taken as constituting professional advice from the podcast owners, and we recommend you seek independent suitable advice that is specific to your unique circumstances.