What if only one child wants to continue operating the family business?
When a family owns a farm or business, often enough, one child wants to continue operating while other siblings do not. Unfortunately, passing the company or farm to only one child can be inequitable because he or she would be receiving the majority of the estate. At Checkett & Pauly, we have experience helping families create estate plans that ensure that all children receive fair portions of their parents’ estates while allowing a family business or farm to continue. If you are interested in passing your family business on while protecting all of your beneficiaries, contact our law office in Carthage to schedule a free consultation with a lawyer.
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