Business Affairs

What happens to my business if I die without a trust or will?

Without a trust or will, your business ownership typically passes through probate, a public court process that can freeze operations for months while the estate is settled. This can leave partners, employees, and clients in limbo with no clear authority to make decisions. A revocable living trust allows you to name a successor trustee who can step in immediately to manage or transfer business interests without court involvement. This is especially important for sole proprietors and small business owners whose companies depend on continuous, uninterrupted management.