One company supports three households. One of your children runs it. The other two have never worked a day inside it and are counting on it anyway.
Does the child who runs it have to be the child who owns it?
Circumstances
The conversations that tend to start with "I probably should have called sooner."
Illustrative only, not client matters. If one of these reads like your situation, the useful thing to know is that most of them have a window, and the window is usually earlier than people expect.
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Business succession
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Exemption timing
Your estate sits well above the current exemption. The exemption is scheduled to fall.
What do you give up permanently by using it now, and what do you give up by waiting?
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Encumbered assets
You signed personal guarantees on commercial debt years ago. Nobody has mentioned them since. They are still there.
Who answers for them if you are not the one being asked?
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Before a sale
There is a buyer circling. Nothing is signed. Your advisors are telling you to wait until the deal is closer.
Which planning windows close the moment a sale becomes reasonably certain?
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Inherited structures
Your parents had it drafted in 1994, for a family that no longer looks anything like this one.
What can still be changed, what cannot, and who has standing to ask?