By creating a Will or setting up a trust, business leaders can secure their legacy on their passing.

To start off, make sure you prepare a list of all of your assets and any debts you might still owe. You will need to remember the loans you owe and let your representative know who your beneficiaries are. Regarding debt, you could consider a financial adviser to assist with appropriate insurances. It is important to meet with an estate lawyer and a financial adviser. Your checklist can be supplemented by these professionals to ensure you do not overlook any possessions in your business or personal life.

It’s even more important to update your documents if you are climbing the corporate ladder or when you come into ownership of an asset such as a house or boat.