editing disabled

Estate planning refers to a person’s net worth. Estate planning addresses the distribution of one’s estate through a trust or will. Estate taxes are applied to one’s estate at the time of death. Without proper estate planning, the estate taxes can lead to a family business being sold even if that was not the intent of the owner who has died. Proper estate planning can minimize estate taxes, effectively pass wealth to the next generation, and fulfill philanthropic goals.

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Categories: Estate planning