Description

Whether you’re a solopreneur, a small-business owner, or running a growing team, your business needs an estate plan. In this episode of Tuesday Triage, Jill walks through the practical steps to protect your business, your income, and the people who depend on you. From organizing legal and financial documents to creating systems that make your business more resilient, this episode is packed with actionable guidance to help you plan from a position of strength, for both growth and the unexpected.

What Jill discussed:

Agency and Planning

• Why estate planning is about taking ownership of your business and future.
• A client story that illustrates why having access to business agreements matters.

Business Foundations

• Ensuring you have your EIN letter and business entity governing documents.
• Why even solopreneurs need an Operating Agreement, and what it should cover.
• How to request copies of official filings from your Secretary of State.

Banking and Financial Preparedness

• Adding a second signer to your business accounts.
• Why access to cash flow is critical to keeping operations running in your absence.

Accounting and Bookkeeping

• Systems for tracking income and expenses.
• The benefits of outsourcing bookkeeping for peace of mind and continuity.

People and Relationships

• Identifying your key clients and team members.
• Adding a “death or incapacity” clause to client contracts.
• Keeping an accessible list of important contacts and roles.

Recurring Expenses and Digital Access

• Documenting subscriptions, accounts, and access credentials.
• Managing digital assets like domains, trademarks, and renewals.

Systems and Processes

• The importance of standard operating procedures (SOPs) for daily tasks.
• Using clear documentation to make your business resilient and scalable.

Content Management

• Organizing your content for easier repurposing and brand consistency.
• Creating a master file for branding and creative assets.

Insurance and Risk Management

Key types of coverage every business owner should consider:

• Businessowner’s policy for general liability
• Cybersecurity and digital media coverage
• Professional liability insurance

Advanced Planning Tips

• Using life insurance to maintain cash flow during transitions.

Final Takeaway

• Planning for your business isn’t just about preparing for the worst — it’s about creating systems and organization that make your business stronger and more valuable every day.

Resources and Links

• Learn more about Jill's Estate Planning Support Services

Connect with Jill:

• Website: DeathReadiness.com
• Email: jill@deathreadiness.com
• Subscribe to receive news and updates.
• Love this episode? Please rate and review in the Apple podcasts app!
• Submit a question for Tuesday Triage

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This podcast provides estate planning guidance for women and discusses real, practical issues, from caregiving, pre-planning a funeral, how to avoid probate using beneficiary designations, planning for individuals with special needs (and special needs trusts), whether you need a professional fiduciary (trustee or executor), how the estate tax works and how to preserve your legacy.

Tuesday Triage episodes answer questions from listeners like you, from powers of attorney, healthcare advance directives (and whether they work when you’re pregnant), what a Last Will and Testament really is, whether you need a trust, how Medicaid works and how to have senior and elder care conversations and how to care for aging parents.

Disclaimer: This podcast and all related content are for educational purposes only and do not constitute legal advice. No attorney-client relationship is established here. Use of this information without careful analysis and review by your attorney, CPA, and/or financial advisor may cause serious adverse consequences. For legal guidance tailored to your unique situation, consult with a licensed attorney in your state.