Make sure the business stays in your family for generations.
Ensure that your family members who want to be involved in the business have the opportunity to continue it while ensuring the other family members are treated fairly.
Protection from unmerited or frivolous lawsuits.
Ensure the legal structure you create does not accidentally disqualify you from benefits.
Stay out of Probate Court if you become incapacitated – Someone you choose needs to be able to step in immediately—not in days or weeks.
Stay out of Probate Court when you die– it’s expensive, time-consuming, and publicizes all your private matters.
Ensure that the cost of care for you or your loved ones does not consume the business assets.
Protect the business assets for your heirs –What if they go through a divorce, a lawsuit, or bankruptcy? The inheritance you left them will likely be gone.
Protect the business assets from your heirs’ lack of financial maturity—Inheritances last an average of 19 months without proper protection.
Ensure that your family’s business traditions are maintained over multiple generations.