A business owner spells the word "mistakes" using wooden blocks lined up on a table.

Estate planning is a wise move for most people, especially for business owners. If you are an entrepreneur, it’s vital to make sure you prepare for the unthinkable so your legacy remains intact. Here are the three biggest mistakes business owners make before death.

Mistake #1: Lack of Succession Planning

As a business owner, you must have a plan in place for after you’re gone. The number one thing to build now is a succession plan. Leaving what you’ve spent your life building in unknown hands is a recipe for disaster. Make a succession plan now. You can update it in the future as your business grows and changes.

Mistake #2: Waiting too Long to Make a Plan

Most of us think we have plenty of time for planning and hence put it off indefinitely. But fate can take a cruel twist, leaving your business without leadership, a vision, or a plan. If you die prematurely or unexpectedly, and don’t have a plan, your business could die with you. Don’t wait to put it in writing.

Mistake #3: Making Informal Arrangements

Having an estate plan for your business made informally without legal representation and filing is not much better than no plan at all. Working with an attorney will ensure that the paperwork is accurate, filed appropriately, and that any amendments stand up in court.

Don’t let lack of preparation determine the demise of your life’s work. Estate planning for your business is critical to its success after you’re gone. To get started, contact the legal team at McCutchen McLean, LLC, for the experience and advice you and your business can depend on.



James McCutchen drafted our estate planning documents and he did a fantastic job. The entire process was easy and affordable. I highly recommend James for any of your estate planning or probate needs.



James McCutchen helped me with my business contract for my new business venture. He was able to offer helpful and informative suggestions and recommendations for my contract. It is reassuring to have someone like James look over my contract to know that I will be covered. His service was outstanding and I highly recommend him for your legal needs!!



I recently had a tax issue with the IRS. I called McCutchen McClean law firm and they were able to fit me in quickly. They sat down with me, reviewed all the documents, listened to my concerns, and gave me wonderful advice as to how to fix the issue. They were friendly and understanding. Now, my tax issue is resolved, taking a HUGE weight off my mind. I would recommend them for any tax issue you may have! The service, hospitality, knowledge, and professionalism was outstanding!



We recently used James McCutchen and we could not be any happier! He was very kind, thorough when answering all of our questions and the best part of all we got everything completed pretty quickly. We highly recommend James. Thanks again for everything!



I have referred several clients to them. My clients are very happy with the outstanding, timely service they receive. James and Robin are extremely smart and professional, yet speak in "plain english" so everyone walks away educated regarding their tax, estate or family law issue.



Smart people that do great work.



I used Robin McLean as an attorney to secure a divorce about 20 months ago. I found her to be efficient, reasonably priced, and very well skilled. I was completely happy with her work. She did what she said. Since that time, I needed additional help with paperwork and she responded promptly and to my complete satisfaction. I highly recommend Robin as an attorney.


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