Business Owners Should Consider Leaving Estate Unequally
By Shelley Thompson, Shareholder
In the area of trusts, estates, and probate litigation, one of the most common reasons for disputes between siblings after the death of a parent who owns a business or family land is the parent’s unwillingness to leave the estate unequally, or an attorney’s failure to suggest the same.
Often, a simple will or trust dividing an estate equally between the adult children after the death of both parents, is a common estate plan preferred by many families. These terms, however, do not work well where a parent owns a business or family land and where not all the children are working together on that business or using that land.
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