Do you want to leave your assets to one of your heirs, but are you worried to, just leave them the money outright? Maybe you want to put certain conditions on it so that you can influence how they live. You want to give them that direction and motivation.
You are a business owner. As you sit down to do your estate planning, it is clear that your largest and most important asset is that business. What you have to decide is how it fits into your family's future and how you need to address it within your plan.
You have probably heard that many people put off estate planning and assume that they can wait and do it later. This is often an issue with relatively young people who assume they have decades before their family will need the plan.