ESTATE PLANNING GUIDE FLIPBOOK JUNE 9 - Flipbook - Page 28
BRADLEY LAW FIRM, PLLC
PLANNING CONCERNS & ANXIETIES (WIFE’S CONTINUED)
Level of Concern (if any)
None Low
25. Liability of Executor. I’m concerned that the person I’ve named as my
Executor might be sued by an heir because my Executor did not understand
what duties were required of them and what liability they take on for
serving as Executor...............................................................................................
26. Privacy. I’m concerned about my affairs being made public and would prefer
to keep my affairs private .....................................................................................
Medium
High
27. Validity of Corporate Shield. I own a corporation or limited liability company
and I’m concerned that my personal assets may still be exposed to liabilities
of the company because I’ve not held company meetings annually, kept
minutes from those meetings, elected officers, etc...............................................
28. Employee Lawsuits. I’m concerned that my employees might sue because
of an out-of-date or non-existent employee agreements.......................................
29. Business Succession Plan. I have a company and I’m concerned that the
company might falter if I were to die unexpectedly because I don’t currently
have a business succession plan ...........................................................................
30. Out-of-Date Buy-Sell Agreement. I have a buy-sell agreement with the other
owners of the company in which I’m involved but I have no idea if it’s up-todate or if the company will have the funds to buy out my interest if I were to
die .........................................................................................................................
31. Standard of Living. I’m concerned that I or my husband might not be able to
maintain our current standard of living during retirement....................................
32. Exhaustion of Assets During Disability. I’m concerned my assets might be
completely consumed to pay for my care or my husband’s care in the event of
a disability ............................................................................................................
Business Concerns
Financial Concerns
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Risk Assessment Ver. 2015