Scenario
An estate plan written for a smaller family
The will and the trust describe a family and a company that have both changed.
- The situation
- The founder's will and the family trust were set up when the business was small and the children were young. The company has grown, the family has grown, and nobody has checked whether the structures still carry out the family's intent.
- What we would do
- Planning comes first and structures follow: we coordinate the lawyers, tax advisers and licensed trustees who update them, and the legal, tax and trust work stays with the advisers the family has chosen.
- Where it leaves the family
- Structures in place before they are needed, so a transfer happens on the family's terms.