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December 10, 2004
Estate Planning in Family Businesses
USAToday offers an interesting case study of the challenges family businesses face in estate planning.
"The Mauns face a challenge shared by many owners of family businesses: how to manage their estate. They want to leave the gas stations to the son who manages them, and divide the remaining assets among their seven surviving children and the daughter of their oldest son, who is deceased."
A separate article offers some creative advice for this family from an expert estate planner.
(Thanks to Law & Entrepreneurship for their link to this story.)
Posted December 10, 2004 09:02 AM
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at Belmont University in Nashville, Tennessee. He consults with a variety of businesses on start-up and growth related issues, and with larger corporations on re-establishing entrepreneurial cultures within their organizations. Dr. Cornwall's current research interests include entrepreneurial finance and entrepreneurial ethics. He has authored or co-authored four books.
