What is contained in an Estate Plan?

An estate plan encompasses the family business as well as personal assets, and how they will be distributed to the successors in the most tax effective way. While the estate plan should work in tandem with the succession plan, both are necessary documents for effective transition planning for any family that owns a business, or has a significant set of assets. It protects the family, the assets, and makes sure your final wishes are carried out in accordance with your vision, and in the least disruptive way, financially as well as relationally.