The most common and popular estate planning tool for small business owners is the:

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A buy/sell agreement is the most popular and effective tool for small business owners. This agreement outlines what will happen to the business in the event of an owner's death, disability or retirement. It ensures a smooth and organized transition of ownership and management while minimizing conflicts and potential legal issues. The buy/sell agreement can also address funding options for a buyout, such as life insurance or installment payments.

The Most Common and Popular Estate Planning Tool for Small