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Imagine this scenario: A contractor named Charlie runs a successful business in his hometown. Everything operates smoothly until Charlie passes away unexpectedly, throwing things into chaos. The sudden death leaves Charlie’s son, Joe, scrambling to keep the business afloat. Joe searches through his dad’s files and finds no will, trust or succession plan indicating what direction to take. Joe is swamped by grief and now has this big problem to deal with. “What would my dad want?” he wonders. In a best-case scenario, Charlie would have prepared for the unexpected. A well-defined exit plan would have honored his last wishes and safeguarded
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Next Issue ›› February 2021

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