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LEAVING THE BUSINESS IN EQUAL SHARES

Problem:

Business child receives an equal percentage of the business in which the “slacker” sibling receives the benefits of the successful business causing resentment, in-fighting and decreased business efficiencies.

Solutions:

Honest, objective review of children’s strengths and weaknesses

Equalization in the trust documents via specific asset allocations and formulae

Succession planning in place before triggering event

Transfers of interests during life