By Bill Hesch
Estate Planning Mistake Number 9 – Failure to use a trust to control the voting stock of a family business by using the Trustee to execute your succession plan and protect the business from legal problems if heirs get divorced.
Does your estate plan give control of your family business to your designated successor so that your succession plan can be executed property?
Does your business succession plan avoid legal problems if your heirs get divorced?
Click on the video from the February 2nd, 2017, Estate Planning Workshop at the bottom of this post to find out how to properly provide for who will manage your business if you die or become disabled and that family members who inherit ownership of the family business are protected from problems with their spouse if they get divorced.
To find out more about all of the top 10 estate planning mistakes made by business owners, go to Heschlaw.com. You can watch a video of Bill discussing the top ten estate planning mistakes and get a copy of his Workshop outline and tools to review in the comfort of your home or office.
Estate planning is complicated. Are you getting all of your estate planning questions answered by your CPA, attorney, and financial planner? As an attorney, CPA and financial planner all in one, Bill Hesch is uniquely qualified to give you a second opinion.
Call Bill now at 513-509-7829 for a free consultation by phone or in person. Piece of mine is only a phone call away.
This is an advertisement. Legal Services may be provided by others in the Law Firm.