What Exit Advisors Need to Know About Estate Planning

Episode notes

In this episode of Poised for Exit , Kari Voorhees , founder and president of Voorhees Law Group , estate planning attorney, and fellow CEPA, explains why estate planning must be integrated into the broader exit planning process. Kari shares how her father’s brain cancer diagnosis led him to sell his successful trucking company in a panic, without a valuation or a qualified advisory team, and how the poorly structured transaction left him facing significant legal and financial consequences. Kari discusses how exit advisors can help business owners identify gaps between their estate plans, corporate documents, and long-term transition goals. She explains why advisors should review trusts, buy-sell agreements, operating agreements, stock ownership, and business real estate together, while also considering how family members, trustees, and business partners will work together if the owner dies or becomes incapacitated. The conversation also explores the risks of delaying these decisions until a health crisis or unexpected death forces action.

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