Separate Wills & Powers of Attorney for Property for Business Owners: How Useful Are They?
Business owners, shareholders, consultants, and others starting or owning a business should consider having a separate Will and a separate Power of Attorney for Property for their business interest. The benefits of isolating a business interest from the assets of a person are multiple.
Often, having a separate Will or Power of Attorney for Property solely for a business interest is not considered important in business until illness strikes or there is a death that prompts a person to act.