How can I change the owner of a company in case of illness in the State of Alabama?

Have a business Alabama since owned your in the middle of the 1920s. Now, are in your mid-1940s, you still not ready to make the emperors. Trains, but in your own mortality think who reflect and to start thinking involved as time estate planning. What if you were to fall ill or disabled could up to the point where they don't work? Successor for the company which built from the ground? Difficulty: moderately EasyInstructions1Make ensure your predecessor is ready to take a leading position in the company. Often implies a parent, your child would become the ability, but often get run the family business, it is the farthest thing from his mind. The person who will assume you, to take the company can different individual goals have, or perhaps even performing business ideas with your goals for the future of the company agree. Member of the family or if you should feel sure the person you are transferred, which your business challenge 2Contact (Alabama), estate planning is the lawyer, is familiar with the law of for small businesses. If you a sole proprietor or public affairs firm only, transfer of ownership are that you are not managing your business can be as simple as creating a lasting power of attorney. A durable power of attorney to act designation of one person on your behalf in the management of your company. Many are enters into force immediately and remains in effect, where your incompetence posted. You can be prepared but ineffective, incompetent until you or disabled so that you are not able to perform transactions. If this is Ihreeinzige are intended to be your lawyer having only when it is no longer in the position are möglicherweise the right choice for you. 3Transfer company through your actually already appointed lawyer. Your attorney in fact a person in your durable power of Attorney is appointed. Is your attorney in fact, the assets carried sales invoices, leases, acts or other documents that you need form your business. Having regard to a proxy, the effective as soon as your disability or incompetent persons require statements that are, in fact unable to manage the doctors treating your own business.