Succession Planning - Bernard Law P.C.

How Key Person Insurance Fits Into A Business Succession Plan

For many business owners, the company itself is one of the largest assets they will ever own. Years of hard work, financial investment, and relationship building often become concentrated in a single enterprise that supports employees, customers, and family members. Yet one risk that many owners underestimate is what would happen if a key individual […]

Posted on: June 19, 2026

How to Coordinate Corporate Documents With a Personal Estate Plan

For many business owners, estate planning goes beyond just making a will or trust. A thorough plan should also fit with the legal documents that guide the business. If corporate and personal estate planning documents do not match, family members, business partners, and beneficiaries may face serious legal and financial problems after an owner passes […]

Posted on: June 14, 2026

Planning for Business Debt, Guarantees, and Estate Administration

Many business owners work hard to build successful companies, but they may not think about how business debt and personal guarantees could affect their estate after they pass away. Estate planning is more than just deciding who gets your assets. It also means understanding your debts and how they might impact your loved ones and […]

Posted on: June 13, 2026

Passing a Business to Children Who Do Not All Work in the Company

Many business owners in Hauppauge struggle with how to pass on a family business when not all their children are involved. We often see families where one child runs the business, and others have chosen different paths. Parents usually want to treat their children fairly, but giving everyone equal ownership is not always best for […]

Posted on: June 1, 2026

Succession Planning for Family-Owned Vacation Property Businesses

Family-owned vacation property businesses are often more than just financial assets. In New York and Florida, many families have beach homes, lake houses, rental cottages, seasonal resorts, marinas, or short-term rental portfolios that have been passed down for generations. These properties usually carry sentimental value and provide income for children, grandchildren, and future heirs. Without […]

Posted on: May 27, 2026

Bernard Law P.C.

Estate Planning Blog Articles

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How Key Person Insurance Fits Into A Business Succession Plan

How to Coordinate Corporate Documents With a Personal Estate Plan

Planning for Business Debt, Guarantees, and Estate Administration

Passing a Business to Children Who Do Not All Work in the Company

Succession Planning for Family-Owned Vacation Property Businesses