Estate Planning for Business Owners and Their Families How Can I Help Preserve My Assets from the Claims of Creditors During My Lifetime and at My Death?

As we have discussed in the past Exit Planning Review™ articles, there are six
critical questions that owners need to answer when creating an estate plan that
supports an overall comprehensive Exit Plan. These questions include:

  1. How can I provide for an equitable distribution of my estate among my
    children?
  2. Who should control and eventually own the family business?
  3. How can I use my business to fuel the growth of my estate outside of
    my business interests?

  4. How do I provide for my family’s income needs, especially those of my
    spouse and dependent children, after my death?
  5. How can I help preserve my assets from the claims of creditors during
    my lifetime and at my death?
  6. How can I minimize estate taxes?

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NAELA

Henry C Weatherby and Jeffrey S. Rivard are members of NAELA, the National Association of Elder Law Attorneys

CT Care Planning Council

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34 Jerome Ave, Suite 310 - Bloomfield, CT 06002 - Phone: 860-769-6938