As a business owner, you have worked very hard to build your business, and it may be the largest asset you own. If you have children who work in the business with you, you may want to pass the business on to them. However, if you have both children who work with you in the business and children who do not, the question of what to do becomes more complicated.
You may not want to pass ownership of the business to your children who do not work in the business; it could lead to resentment on sharing the profits by your children who are active in the business.
Berkshire Insurance Group can help you plan for the transition of your business to your children who are active in the business, while making sure that your children who are not active in the business receive their “fair share” of your estate as well.