David Goodrich on preparing for the worst
David Goodrich (member) conducted a presentation on how to prepare your estate for death or disability. This excellent presentation focused on addressing key issues related to leaving detailed instructions to your estate on what steps should be taken upon your death or disability.
For many business owners, these issues can be complex. However anyone who has had to handle an estate for the deceased will immediately appreciate the value of how detailed instructions on life insurance, online access to financial accounts and basic directions on the location of files and other material. The burden placed on those that handle estate issue can be immense. David gave a very detailed way of documenting estate information that is the baseline for anyone to follow.
He also addressed issues related to partnerships. It is paramount for any business partnership to have not only “buy/sell” agreements, but also detailed plans to address the disability of a partner over the course of a year.
In all of this David truly showed his expertise and knowledge in how he has helped others in this same situation; both from the purchase of insurance and other financial products, to helping his customers prepare and document for the worst.
