Kykuit

Ensuring your biz survives you

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“Regardless of your level of wealth, you should have an estate plan,” says Bridget J. Crawford, who teaches federal income taxation; estate and gift taxation; and wills, trusts and estates at Pace University in White Plains, where she is the university distinguished professor of law at the Elisabeth Haub School of Law. If you own a business, or are thinking of starting one, she adds, that includes a plan of succession.