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Donor Resources |
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Family businesses create special estate planning problems. Being fair to all children, whether they are actively involved in the business or not, is difficult because their attitudes toward the business may be very different.
Children wanting to work in and eventually take over the business expect to spend a lot of time and effort, with limited return initially. This may lead to an attitude that because of their hard work, they deserve more from their parents' estates.
On the other hand, children choosing not to be involved in the business, may believe that since they did not have a thriving business "handed to them" and had to make their own way, that they deserve more from their parents' estate.
Frequently, each view is reinforced by a child's spouse who may not fully understand the family's history and goals.
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Need Direction For Your Plan? |
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We can help.
Phone: 888.448.3040
Fax: 708.532.1217
or
e-mail us
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