The original article is worth reading, but here is the list of bullet points in summary:

  • Overcome the Concept of Fairness
  • Transfer Assets Based on a Natural Flow
  • Protect Family Assets
  • Make Major Decisions with Every Family Member in the Room
  • Do Not Wait for the Original Founder of the Family Business, or a Parent, to Pass Away
  • Evaluate What You Can and Can’t Afford to Transfer
  • Treat Estate Planning as an Ongoing Process
  • Pick the Right Professional Advisor

It’s worth reading through the list and a few more like it.

What does your family need and how will you plan “for your family” to head off squabbles, infighting, or outright litigation?

Philip J. Kavesh
Nationally recognized attorney helping clients with customized estate planning guidance for over 40 years.
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