Answer Happy

You are an advisor to a family that owns a very successful
business. The mother, Maria, runs the operating business while the
father, Phil, runs the household. The adult children all have
different roles in the company. Some of those children are married
and have kids of their own. Maria and Phil want to ensure a smooth
transition of the business in the event they die, as the kids do
not all get along.
Your most important single piece of advice to them is to:
a.
Have Maria and Phil outline their general goals and objectives
before involving anyone
b.
Have Maria and Phil involve their accountant and lawyer in planning
this out
c.
Have a family meeting for Maria and Phil to get input from the
children
d.
Have Maria and Phil's insurance advisor help structure a buy/sell
agreement in the event of their death