The TaxLetter® just published “All In the Family - Make A Family Participation Plan”

It explains the importance of family dynamics, and why a well-articulated participation plan can ensure family harmony and drama-free intergenerational wealth transitions.

The article describes some current best practices in estate planning and explains a strategy to acquire life insurance without tying up company money.

With more than $1.5 trillion in assets expected to change hands during the next 10 years, and most  businesses wholly unprepared for succession, there has never been a better time to begin the discussion or update existing planning.

Read it here