Co-Executors
- Willful allows you to appoint co-executors to manage your estate together.
- You cannot assign different executors for separate assets.
Business Operations - Wills include a "carry on business" clause, enabling your executor to:
- Temporarily manage business operations
- Hire help
- Make decisions until permanent arrangements are made
Limitations - Dual Wills: Willful doesn’t support creating dual wills to separate business and personal assets. Seek legal advice if needed.
- Business Owners: Review shareholder agreements for clauses on the death of a shareholder.
- Sole ownership: businesses are considered part of the personal estate unless a separate will exists.
Professional Advice - For specific guidance, consult a lawyer or tax expert, as Willful cannot provide personalized legal advice.