Classic Family Business Estate Planning Mistakes: A Case Study

Rivers, Wayne
October 2012
Family Business Advisor;Oct2012, p1
Case Study
The article presents a case study involving the mistakes in estate planning of a family-owned ranch in California. It says that estates should be divided among the children more equitably. It offers a solution for a situation wherein the whole property goes to the surviving spouse before it is passed to the next generation. It cites various aspects of a successful estate plan such as good intentions, open communication, and transparency.


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