It's an uncomfortable subject no one really likes to talk about, but we all know we need to - the ultimate exit strategy - your Will. When I started my business, I had a chat with my (adult) kids. I've lined everything up, if something happens to me, so it'll be easy for them. At the same time, if I decide to dissolve (for whatever reason) or sell (money talks!), gift (that would be cool!), I'm ready.
There are numerous sites for doing your own simple Will fairly cheap so you don't have to use a lawyer at all. I didn't. My only advice is SOONER rather than LATER. Then, update it every year. I always update mine in January (it's stored online with the site I used so it's very easy).
Another hint while we're on the subject - Virtual Lockboxes. The state of Nevada Secretary of State maintines a Living Will Lockbox - for free. It's an electronic storage system accessible by password to particpants and authorized health care providers and facilities. Set it up, and never have to worry that what you want will be done, and no one has the burden of making the decision for you.
Serious stuff - but reality.
Great point to bring up, Sundi! Thanks.
June