In an article published on July 20, 2017 by QSR Magazine, Scot Kirkpatrick, Robert Waddell and Stephen Heymann provide estate planning tips for restaurant owners. “Every quick-service restaurant owner or franchisee should have a basic estate plan. An advance directive for healthcare and a durable financial power of attorney will allow an agent to exercise healthcare and financial decision-making on behalf of an individual if they become incapacitated,” explains Kirkpatrick, Waddell and Heymann. “There are numerous business succession and estate planning strategies, from basic to complex, which may be available to a quick-service restaurant owner or franchisee.” The article also provides detailed advice and important considerations for restaurant owners when it comes to estate and business succession planning. For the full article, you may click here.
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