Family Business: How To Equalize Your Estate and Minimize Taxes in the Process

9/21/2022 | Doug Sherry, President of Arden Trust Company

Family businesses are closely-help assets that deserve the time and attention of a thorough estate plan. Building a succession plan for a family business can be complex when multiple descendants are involved, as these businesses are usually the most valuable asset transferred to the next generation. Often, one child is more involved and interested in the business than the others. This situation poses the question: How can you evenly distribute your estate to your heirs?

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