For any person managing their own business, either solely or with partners, these are important questions that need to be considered as part of normal business planning.

• When do I plan to retire?
• What will happen to the business when I retire?
• Where will my retirement income come from?
• Will I be able to pass the business on to my children intact without being ravaged by tax?
• How would my family survive financially in the even of my sudden death?
• How would the business survive financially in the event of my sudden death or the death of a partner?
• What will happen to my income in the event on a long-term absence from work due to illness?
• How would the business survive in the event of me of my partner contracting a serious illness?