In the event that a person owns or is partners in a business, an important part of estate planning will be drafting stipulations for what is to be done with that business or the individual’s shares in it in the event that he is incapacitated or passes on. Without having a plan in place for the business, those involved in the business and the individual’s relatives may be left scrambling trying to figure out how to move forward; in the worst cases, an absence of a plan can lead to contentious legal battles in which relatives or business partners vie to take over the business in question. It’s important to note that, even when an individual outlines what is to be done with his business in his will, such stipulations can also be the source of contentious legal battles if any party disputes the will by, for instance, alleging that there is a newer will in place or that the will was authorized under duress.

Regardless of how business partner disputes arise after the passing of a loved one, it’s essential that surviving relatives and business partners work with the experienced Denver business dispute lawyer at Donald Glenn Peterson Attorney at Law to ensure that: