Posts Tagged ‘Co-Owners’

Article 66-Estate Planning Series: Have You Considered These Options to Pass on the Family Business?

Written by Wright Law on . Posted in Uncategorized

For the last several columns I have addressed critical steps for parents who desire to pass on the farm, ranch or other business to the next generation.  Last column, I gave the example in which one child wants to own/operate the business but the others are not interested.  How do you divide the estate?  One way is to let all the children have a share of the profits but only one child makes the business decisions. 

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