Bob GauvreauAsk Bob Gauvreau Questions Based On His Training

Don’t Skip These Estate Planning Must-Haves for Business Owners! #shorts

13 May 2025 · 1 min

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0:30

A short YouTube clip (by Bob Gauvreau) giving estate-planning advice specifically for small business owners. The speaker recommends having wills (including a secondary will for shares of a small business corporation to avoid probate), structuring the corporation to preserve capital gains exemption opportunities, and using insurance to cover potential tax liabilities and preserve wealth.

Let's one make sure that our wills are in place. If you have a small business corporation, let's use a secondary will to prevent probate on that asset class. Let's ensure that your corporate structure is set up the right way so that you don't lose out on any capital gains exemption tax planning opportunities. And as well, let's look at insurance planning and make sure if we have any tax liability or some future tax exposure, that insurance is in place to protect and preserve the wealth that you've worked so hard to create.