DON'T LET THE DREADED PROBATE COURTS GET YOUR BUSINESS

22/08/2025 5 min
DON'T LET THE DREADED PROBATE COURTS GET YOUR BUSINESS

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Episode Synopsis

Imagine having someone looking after YOU as a business owner. Business owners often focus on cash flow, payroll, and acquiring new cash flow.  Neglecting to plan for life-changing events like tragic accidents or temporary disabilities hinders continuity in your business. Andy Fankhauser offers a process to help business owners, their partners, and families make smooth transitions if the owner is incapacitated or worse. After speaking with Andy, I realized I never considered a backup plan for my French-themed inn, in case I couldn't manage it for a few months. I mentioned having $300,000 in life insurance to cover expenses for the inheritor while they sold the property—this only prepares for unexpected death. Andy pointed out that without a method for someone to authorize payroll or pay bills through the business bank, outstanding debts and expenses won't be paid. Life insurance alone is not enough. Andy suggests taking steps with your bank to ensure someone can continue business operations if you're unable to sign those checks or make withdrawals.. ANDY FANKHAUSER [email protected] Andy offers a free resource: "PROBATE PROOF YOUR BUSINESS: THE OWNER'S ACTION WORKBOOK RESOURCES  HERE: PROBATE PROOF YOUR BUSINESS: THE OWNER'S ACTION WORKBOOK https://mail.google.com/mail/u/0/#search/Andy/FMfcgzQbfpMSfLxhmDxWQCLlmsWfLZFC?projector=1&messagePartId=0.1    "PROBATE PROOF YOUR BUSINESS: THE OWNER'S ACTION WORKBOOK RESOURCES  HERE: PROBATE PROOF YOUR BUSINESS: THE OWNER'S ACTION WORKBOOK https://mail.google.com/mail/u/0/#search/Andy/FMfcgzQbfpMSfLxhmDxWQCLlmsWfLZFC?projector=1&messagePartId=0.1   CONTACT VALERIE HAIL FOR CHANGE MAKERS MARKETING PLACEMENTS ON WEEKLY PODCASTS [email protected] [email protected]      www.allinourminds.com