Estate planning is a crucial aspect of ensuring the orderly and efficient distribution of assets upon one’s passing. For business owners, the process can be even more complex, as it involves safeguarding the future of a company, ensuring a smooth transition of ownership, and providing financial security for loved ones. Buy/sell agreements, often overlooked in estate planning, can be an invaluable tool to achieve these goals. In this article, we will explore what buy/sell agreements are and how they can be a useful tool for estate planning. A buy/sell agreement, also known as a business continuation agreement, is a legally binding contract among business owners that dictates what happens to a company in the event of a triggering event. Triggering events typically include the death, disability, retirement, or departure of one of the business owners. This agreement outlines the terms and conditions under which the ownership interest of a departing owner will be sold to the remaining owners or the company itself. The Importance of Buy/Sell Agreements in Estate Planning 1. Smooth Transition of Business Ownership One of the primary purposes of a buy/sell agreement