The Elisha Show: Purpose Driven Life & Mastery
Oct 19, 2026 · 19 min · 13 segments
On this episode of The Elisha Show, Amb. Elisha speaks with Shekar Jayaraman, an attorney and law firm owner whose practice focuses on business law, estate planning, business litigation, and estate…
So what is the biggest estate planning mistake families make in your opinion? I
You know, everyone thinks that estate planning is for the rich and famous.
It's your trust, your wills, your power of attorney, who's going to act on your behalf when you're either incapacitated or when you've passed away.
And what happens to your assets? What happens to your legacy? So I think the first mistake people make is procrastinating and not getting it done or thinking they don't need it.
Okay, for the sake of the business owners, Shakur, who may be listening, all right, what legal protection should every business owner have in place?
Well, I'll preface this by saying I'm only licensed to practice in Illinois and South Dakota, so this is not legal advice to anybody out there.
And it's certainly not legal advice to people in jurisdictions that I don't that I that I'm not authorized to practice law.
But even in people in those jurisdictions, take what I say, not as legal advice, but just human to human, you know, conversation.
Business owners need to think about a lot of things, how to protect their business, how to protect their personal assets, how to protect their personal assets from their business aspect.
You know, simple questions like, is there business in an LLC? Is it in a corporation? Are they observing proper corporate formalities? Do they have a partner? Do they have mutual understandings with their partners in the business? Do they have a good bookkeeper? I could talk your ear off for hours about what business owners need to think about.
So what is the biggest estate planning mistake families make in your opinion? I
You know, everyone thinks that estate planning is for the rich and famous.
It's your trust, your wills, your power of attorney, who's going to act on your behalf when you're either incapacitated or when you've passed away.
And what happens to your assets? What happens to your legacy? So I think the first mistake people make is procrastinating and not getting it done or thinking they don't need it.
Okay, for the sake of the business owners, Shakur, who may be listening, all right, what legal protection should every business owner have in place?
Well, I'll preface this by saying I'm only licensed to practice in Illinois and South Dakota, so this is not legal advice to anybody out there.
And it's certainly not legal advice to people in jurisdictions that I don't that I that I'm not authorized to practice law.
But even in people in those jurisdictions, take what I say, not as legal advice, but just human to human, you know, conversation.
Business owners need to think about a lot of things, how to protect their business, how to protect their personal assets, how to protect their personal assets from their business aspect.
You know, simple questions like, is there business in an LLC? Is it in a corporation? Are they observing proper corporate formalities? Do they have a partner? Do they have mutual understandings with their partners in the business? Do they have a good bookkeeper? I could talk your ear off for hours about what business owners need to think about.
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