Thursday, June 4, 2015

Strategic Planning for Family Businesses


You love your children equally, even though you know they have different abilities and personalities. At Christmas, if you put a candy bar in one of their stockings, you did the same for all. If you bought a bicycle for one, you bought a bicycle for all. The same evenhanded treatment applied to their first car, college, and their first house. You want to treat your children fairly, and that usually means equally. One of the most troubling estate planning decisions is how to divide your assets when you and your spouse are gone.
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