Business Law and Succession Planning

Turning 18 is a milestone worth celebrating, but it comes with legal boundaries that most families often don’t anticipate until they run into them.

For several years after the death of Tony Hsieh, the estate proceeded under the assumption that no will had been found. Then, in 2025, a priority mail envelope arrived at a Nevada law firm. Inside was a seven-page document dated March 13, 2015, purporting to be Hsieh’s last will and testament.

Choosing a family member to serve as your executor can be cost-effective, but the role is time-consuming and can strain relationships. Having a lawyer as your executor can add expertise and neutrality, but you should understand the full fee structure and watch for conflicts if the lawyer also drafted your will.