Schedule a Free Consultation
Schedule a Free Consultation
By Kaitlyn P. Tauber, Esq., Liberty Legacy Law Group
As a business owner, you know how to hustle. You’ve signed the papers, built the brand, made the payroll, and handled the curveballs.
You’re not afraid of hard work. But there’s one critical piece many entrepreneurs overlook:
What happens to your business if something happens to you?
Estate planning isn’t just for families with wealth. It’s for business owners who care about protecting what they’ve built – for their loved ones, their employees, and their legacy.
In fact, if you’re a business owner in Maryland, having an estate plan is one of the most important things you can do.
Let’s talk about why.
Most business owners think about their personal assets when they hear “estate planning” – homes, cars, retirement accounts.
But your business is often one of your biggest assets. And without a plan in place, it can become one of your family’s biggest liabilities.
If you die or become incapacitated, your family could face:
Without clarity, your hard-earned success could unravel overnight.
If you pass away without a will, trust, or succession plan:
Even if you do have a will, it may not be enough. Wills are often too general for the complexity of business ownership.
You need something more strategic.
Here’s what a comprehensive plan might include:
These dictate how your personal and business assets are distributed. A trust can help avoid probate and maintain privacy.
This outlines who will take over (or buy out) your business and how. It ensures continuity and protects your employees and customers.
If you have business partners, this agreement spells out what happens if one owner dies, becomes disabled, or wants to sell.
Financial and medical powers of attorney ensure someone can step in and make decisions if you’re temporarily or permanently incapacitated.
This policy provides funds to the business if a critical team member (including you) dies or becomes disabled. It can be essential for continuity.
Make sure your LLC or corporation documents reflect your succession and transfer intentions.
Let’s be honest: if you’re like most business owners, your family is deeply connected to your business.
Without an estate plan, they may lose income, face legal costs, or be forced to sell to outsiders.
Planning is protection. It makes sure your family isn’t left scrambling.
If your business depends heavily on you (and most small businesses do), what happens if you’re suddenly gone?
Estate planning keeps your team supported and your clients confident. It ensures your company’s mission and momentum don’t die with you.
Too often, we see:
This confusion wastes time, money, and relationships. A solid estate plan removes the guesswork.
Many business owners also hold property – rental homes, vacation cabins, trailer parks, commercial real estate.
These assets need their own strategy:
Without clear answers, valuable assets can become costly burdens.
Most people think estate planning is only about dying. But disability is often more likely during your working years.
If you become incapacitated by illness or injury:
Having durable powers of attorney and clear financial instructions keeps the business running when you can’t.
You didn’t build your business just to walk away. It’s a part of who you are.
Estate planning lets you decide:
Whether you want to sell, pass it on, or wind it down, planning lets you lead that process.
At Liberty Legacy Law Group, we’re not just planning for the future we’re honoring the lives, stories, and values that matter most.
call for a consultation 443-888-5850
“I’m too young for that.” Wrong. Life is unpredictable. The sooner you plan, the more control you have.
“My business is small. I don’t need a plan.” Even a one-person operation needs clarity. Who will take over your laptop, your client list, your bank account?
“I’ll get to it when I retire.” By then, your options may be limited. Waiting can cost you money, opportunities, and peace of mind.
“My spouse will handle it.” Maybe. But will they know how? Will they be legally allowed to?
We understand business. We understand families. And we understand the intersection of both.
When we work with business owners, we:
Whether you own a local towing company, a rental portfolio, a law firm, or a solo consulting business, we help you:
You didn’t build your business to leave a mess. You built it to create something meaningful. To support your family. To serve your community. To carve out a legacy.
That legacy deserves a plan.
You don’t need millions in the bank. You don’t need a big team. You just need a little time, a little guidance, and the willingness to think ahead.
At Liberty Legacy Law Group, we help Maryland business owners protect their people, their property, and their purpose.
Let’s create a plan that works just as hard as you do. Reach out to us today.
Because your business deserves more than chaos. It deserves a legacy.
At Liberty Legacy Law Group, we’re not just planning for the future—we’re
honoring the lives, stories, and values that matter most.