The purpose of this manual is to help caregivers and business owners avoid the typical pitfalls that follow a sudden death. It is not a will, but a checklist your loved ones can follow while reducing stress.
How to organize and store all of the family's estate, or important documents regarding the distribution of the business and its assets.
Access to income information, insurance coverage, bank account information, outstanding loans or debts, and all other physical assets of the estate or business.
Company contacts, insurance policies, succession plans, stocks, and governing issues.
Keep all of the personal information and documents for the business in one secure and easy to find place. Easy access is important during times of high stress or crisis.
Keep all personal, business, bank, credit and loan statements all in one easy to access area.
Financial & Tax advisors, accountants and other professionals are already harnessing the power of the Sudden Death Checklist to help their clients plan for the unthinkable. The checklist is produced in a loose-leaf three-ring format that is easy for your firm to put into your own company branded three-ring binders.
Testimonial 1 - “Jack, I can't thank you enough for helping my family's estate plan with your book! You warned me the process could be difficult, and you were spot on that my wife would be active in following your process. I know our family is prepared. And, my wife and I were so impressed by the level of questions and detail that I ordered 20 books of your executor's checklist for my senior managers! They aren't business owners, so the sudden death checklist wasn't for them. I am glad you have the executor's checklist to address the same issues my family had but without the business ownership items, such as stockholder agreements and business transition plans. Our will and estate plan is far more developed now and my executors (our children) trained that I know when the time comes, my survivors will not have a mess on their hands. Thanks again!” —Private Company CEO
Testimonial 2 - “Jack, your sudden death checklist 10 years ago saved my family! My CEO dad thought his estate plan was in place and well developed. My dad was 78, my mom in her mid 70's and my sister and I were in our 50's. What your book did for me, my mom, and my sister, was prepare US to manage the estate after either or both of my parents passed away. What my dad's estate plan didn't plan on was Alzheimer's. And my dad kept his estate plan mostly to himself. Your checklist uncovered so many things that my mom was able to work with their advisors to prepare my sister and I as co-executors and trustees. Your process of having meetings with advisors was a breakthrough as we became educated on the probate process as well as the funeral details. We spent months putting together the photocopies and birth/wedding certificates.. I can't imagine what it would be like to search for this stuff while looking for a casket! Your book did not have answers, but the right questions to ask. For example, there were checking accounts with only my dad's signature, and there were several safe deposit boxes without my sister and I as co-signers. Your checklist forced my parents to allow us to co-sign on all bank and safe deposit boxes. We estimate your book saved us over $150,000 in taxes, and professional fees. I can't imagine what my sister and I would have faced had we not followed your process. I am glad you added the executors and trustee workbooks as I am both an executor and trustee, and there are challenges to being both.” —Family Company President
Testimonial 3 - “Kudos to Jack Veale for putting together not just one, but two tremendous "Sudden Death Checklist" packets. These guide books are must-have items for the families we work with who have reached that stage in life where it’s critical to have "end of life" issues addressed and prepared for so that a big mess is not left behind for the family to deal with.
As the founder of the Senior Veterans Council, we work mostly with senior citizens and/or the sons, daughters and grandkids of our elderly population. Too often, we hear the horror stories from those respective families that they were not as prepared for their loved one's passing as they should have been, or, unfortunately, that they did not know what to do when the time came to act.- and the parent is not there to provide answers.
Jack Veale took the time to put together a much-needed resource – for families who will act as executors, and if there is a business involved, for business owners and employees. Following the steps outlined, it takes all the guessing and second-guessing out of what to do when the end of life comes.
Interestingly enough -- and quite sad, as well -- is that so many families, which find themselves in that situation, readily admit to not having the tough conversations beforehand that they know they should have had. Those that honestly talk about impending funeral processes, wills, trusts, money, finances, physical assets -- these are all things that we should all focus on prior to one's death, yet seemingly do not. At least not often enough. Jack Veale and his checklists do just that for you.
By making a small investment in Mr. Veale's workbooks, and taking the time to answer the questions, the worry and concern of knowing which issues to focus on in a time of crisis is spelled out for you. Step by step, chapter by chapter, form by form. His easy to read, easy to understand, and easy to fill out documents make this a "must have" for every household.” —David Cole, Founder and VA Accredited Claims Agent with the Senior Veterans Council
Our Sudden Death Checklist is a comprehensive information storehouse that keeps all of the business owner’s crucial personal and business information in one place, in case of a sudden death or incapacitation.
Jack Veale developed this checklist over decades of working with closely held, family-owned businesses. The most important value for this process is to engage the spouses, family and key advisors to help the owner create a plan that minimizes the family’s emotional and financial stress typically found during a funeral of a loved one.
Questions? Email us to learn more.
When a business owner or caregiver and their spouse completely fills out our Sudden Death Checklist, their family, employees and/or trusted advisors can follow the decease’s intentions and quickly take the reins of the funeral and estate settlement process.
By following the checklist, the surviving family leaders can stabilize the business and avoid concerns of business continuity and family harmony. We typically find the cost of probate fees, especially in states like California, are far more expensive than the fees found working with trusted advisors in this process.
Our Sudden Death Checklist for Business Owners, Their Families & Employees is designed for estate planners and other key advisors to use our checklist to facilitate the discussions in an organized and thoughtful way.
The owner’s key advisors work in isolation and don’t coordinate well with the business owner’s other advisors. He developed this checklist to engage other advisors as part of his strategy process, and to develop a comprehensive business succession plan. Our checklist helps trusted advisors coordinate with other advisors, and the owner’s family, to customize the estate planning process.
The goal is for business owners to engage their advisors to develop a carefully and thoughtfully prepared funeral and succession plan, to reduce the family’s emotional and financial stress in difficult times. It also designed to minimize the surviving family’s suffering during the funeral’s complex processes, and help their business retain the owner’s business and community legacy.
When fully and correctly completed, this book should minimize the family’s emotional struggles with the hundreds of decisions and legal obligations required by the probate court and funeral process; as well as providing stability and peace of mind to the owner’s company and its employees. And more importantly for the business owner, it should ensure that his or her legacy continues without missing a beat; allowing for a smooth transition as he or she has planned.