Start estate planning now or risk losing legacy and or the business altogether⏤ experts advise family-owned businesses

To ensure business stability and continuity in the event of the death of the founder as well as preserve intergenerational wealth, business owners/founders have been urged to prioritise estate planning. Estate planning, according to Sim Katende, Corporate & Commercial lawyer and Partner at Katende, Ssempebwa & Co. Advocates, Solicitors & Legal Consultants (KATs), “encompasses determining how your assets will be preserved, managed, and distributed after your death or if you become incapacitated”.  “Every family business needs to undertake succession and estate planning to ensure their businesses Will survive from one generation to the next,” Sim Katende told stakeholders at a…