FIND A CONTRACTOR BUYER'S GUIDE
BECOME AN INDUSTRY PARTNER
MCAA Logo
MEMBER LOGIN JOIN
NEWS
World of Concrete 2026 Registration Is Open ↗

Protect the Future of Your Business with Estate Planning

Words: Lisa Hagenson

If you own a business, planning what happens to it after you pass away is important. This is called "estate planning,” and it’s a way to make sure your assets are handled the way you want to help keep your business running smoothly.

Why Business Owners Need an Estate Plan

  • Keeping Your Business Running: An estate plan helps keep your business operating without interruption by identifying successors and outlining their responsibilities.

  • Minimizing Taxes: Proper planning may reduce estate, capital gains, and income taxes. You can use tools like trusts and life insurance policies to accomplish this.

  • Avoiding Probate: Probate is a legal process to settle someone’s estate after they die, and it can be expensive and take a long time. Using tools like trusts can help avoid this.

  • Protecting Family Interests: Estate planning ensures your family’s financial needs are taken care of and helps prevent arguments over who gets what.

Key Considerations

  • Succession Planning: Decide whether to pass your business to the next generation or sell it to a third party.

  • Asset Value Assessment: Figure out how much your business and other assets are worth. This helps with taxes and deciding how to divide everything up.

  • Legal Agreements: Set up agreements, like a Buy-Sell Agreement, which makes it easier to transfer ownership when needed.

  • Tax Planning Strategies: Work with professionals to develop tax-efficient strategies for transferring assets.

  • Updates to the Estate Plan: Review your plan regularly to make sure it still fits your business, family situation, and any new tax laws.
An attorney who specializes in estate and business succession can discuss a wide range of planning options. To learn more, talk to your Federated Insurance® marketing representative for a referral from Federated’s network of independent attorneys


 0
Construction Robotics Upgrades to Gold in the 2026 Masonry Alliance Program
December 2025

The Mason Contractors Association of America (MCAA) is delighted to share that Construction Robotics will upgrade their Silver partnership to a Gold partnership in the 2026 Masonry Alliance Program.

Industry News
Read More
MASONRY STRONG Podcast, Episode 34 Recap: Major Ogilvie, CEO at Ogilvie Strategies, LLC
December 2025

On this episode of the MASONRY STRONG Podcast, Major Ogilvie joins the set to talk about his days playing football in college, how his journey started, and how he's seen the masonry industry change over the years.

Justin Stengel
The MASONRY STRONG Podcast
Read More
Building the Future of the Trades: STABILA’s International Social Media Day and Verified Social Channels Are Inspiring the Next Generation
December 2025

In an era when social media often shapes public perception more than traditional media, even the most time-honored trades are finding new ways to connect, educate, and inspire. STABILA, a global name synonymous with precision measurement tools is trusted

Elsa Bueno
MAP Partner
Read More
Brickworks Supply Joins the 2026 Masonry Alliance Program as a Gold Partner
December 2025

The Mason Contractors Association of America (MCAA) is proud to share that Brickworks Supply will join the 2026 Masonry Alliance Program as a Gold Partner.

Industry News
Read More