Business Owner Planning

Key Person Planning

If your business depends on one person to run, what happens when that person cannot?

Key Person Risk Is the Most Common Unplanned Threat to a Georgia Business

Most small and mid-size Georgia businesses have at least one person — usually the owner — whose death or incapacity would immediately threaten the business's ability to operate. Key person planning addresses that risk before it becomes a crisis.

107+ Five-Star Google Reviews
6 Years Serving Georgia Families
127,000+ Social Media Followers
Husband & Wife Boutique Service

How It Works

1

A 15-Minute Call With Shawn

Tell us what is going on with your family. Shawn walks you through your options and what each one costs. Free.

2

Melissa Designs Your Plan

She builds your estate plan from scratch based on your specific assets and family. You get an exact quote before you commit to anything.

3

Review Every Document With Melissa

Before you sign, Melissa walks through every document with you in plain language. No legal jargon. No confusion about what you are signing.

4

Your Plan Is Complete

Melissa delivers your completed documents and explains exactly what your family needs to do. You leave knowing your plan is in place and your family is protected.

Melissa Breyer

Melissa Breyer

Georgia Estate Planning Attorney

Melissa Breyer is a Georgia estate planning attorney who works exclusively on trust-based estate planning and LLC formation. She personally designs every plan at The Hive Law and handles every client consultation herself. Every plan is built from scratch for your specific family, your specific assets, and your specific wishes.

107+ Five-Star Google Reviews

What Our Clients Say

Frequently Asked Questions

A key person is anyone whose loss would materially harm the business’s ability to operate, retain clients, or service debt. The owner is almost always a key person. Depending on the business, it may also include a founding partner, a top salesperson, a technical specialist, or a key customer relationship manager.

Key person life insurance is a policy owned by the business, with the business as the named beneficiary, on the life of a person critical to the business’s operation. The death benefit is paid to the business and can be used for any business purpose — replacing talent, paying down debt, or funding a buy-sell buyout.

Yes. For businesses with multiple owners, a buy-sell agreement funded by life insurance often serves dual purposes — it funds the buyout of a deceased owner’s interest AND provides the business with key person proceeds. The two work together but require careful coordination to avoid conflicts.

Incapacity without a plan typically requires a court-supervised guardianship before anyone can act on the incapacitated person’s behalf. With a properly drafted durable power of attorney aligned with your operating agreement and succession documents, a designated person can step in immediately without court involvement.

Stop carrying this around.

A conversation with Shawn. You'll walk away knowing what your family needs and what it costs. That's it.

Find Out Where You Stand

Not Ready Yet?

Join our free live webinar to learn what every Georgia family needs to know about protecting their home, their savings, and their family.

Free Webinar