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Estate Planning and Family Business Owners

By Gerry W. Beyer

Family_businessAccording to surveys conducted by U.S. Trust, Bank of America Private Wealth Management, Campden Research, and Prince & Associates, approximately one in four family-business owners do not have an estate plan.

Here are the reasons cited for this failure:

  • Too difficult to deal with (55%).
  • Don’t have time (24%).
  • No need (17%).
  • Too expensive (4%).

See Jae Yang and Alejandro Gonzalez, Estate Planning, USA Today, June 24, 2008, at B1.

Posted in:
Estate Planning - Generally