Estate Planning for Business Owners and Their Families Why Should I Use My Business to Help Fuel the Growth of My Estate Outside My Business Interest?

As we have discussed in the past Exit Planning Review™ articles, there are six critical questions that owners need to answer when creating an estate plan that supports an overall comprehensive Exit Plan. These questions include:
  1. How can I provide for an equitable distribution of my estate among my children?
  2. Who should control and eventually own the family business?
  3. How can I use my business to help fuel the growth of my estate outside of my business interests?
  4. How do I provide for my family’s income needs, especially those of my spouse and dependent children, after my death?
  5. How can I help preserve my assets from the claims of creditors during my lifetime and at my death?
  6. How can I work to minimize estate taxes?
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NAELA

Henry C Weatherby and Jeffrey S. Rivard are members of NAELA, the National Association of Elder Law Attorneys

CT Care Planning Council

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