How to Transfer Your Business to Your Children Without Family Conflicts

How to Transfer Your Business to Your Children Without Family Conflicts // Transferring your business to your children is a wonderful way to build a family legacy, but it can also be tricky. Without the right planning, it can create tension among your kids, impact family relationships, or even harm the business. In this video, estate planning lawyer Edmund Yan will show you how to transfer your business in a way that minimizes family conflicts and ensures a smooth transition.

#TreeOfLifeLawFirm #TransferringABusinessToChildren #LivingTrust
____________________

____________________

00:00 - Intro
01:13 - Start Planning Early
03:18 - Assign Roles Based on Skill and Desire-Not Fairness
05:00 - Consider Equalizing Inheritance Outside of the Business
07:08 - Train and Transition Gradually
09:03 - Set Clear Boundaries Between Family and Business
11:06 - Establish a Buy-Sell Agreement
13:09 - Watch the Free Living Trust Class
14:57 - Prayer
____________________

Tree of Life Law Firm
[phone]

𝐏𝐥𝐞𝐚𝐬𝐞 𝐝𝐨𝐧’𝐭 𝐜𝐚𝐥𝐥 𝐮𝐬 𝐟𝐨𝐫 𝐥𝐞𝐠𝐚𝐥 𝐪𝐮𝐞𝐬𝐭𝐢𝐨𝐧𝐬, 𝐚𝐬 𝐰𝐞 𝐰𝐨𝐧’𝐭 𝐛𝐞 𝐚𝐛𝐥𝐞 𝐭𝐨 𝐚𝐧𝐬𝐰𝐞𝐫 𝐭𝐡𝐞𝐦. 𝐎𝐧𝐥𝐲 𝐫𝐞𝐚𝐜𝐡 𝐨𝐮𝐭 𝐢𝐟 𝐲𝐨𝐮 𝐡𝐚𝐯𝐞 𝐪𝐮𝐞𝐬𝐭𝐢𝐨𝐧𝐬 𝐚𝐛𝐨𝐮𝐭 𝐨𝐮𝐫 𝐥𝐞𝐠𝐚𝐥 𝐬𝐞𝐫𝐯𝐢𝐜𝐞𝐬.

Attorney Edmund Yan is on a mission to empower you and every homeowner in America (regardless of your budget) to make your own trust that actually works and actually protects your house and family from probate court.

Join Edmund in this free class as he reveals secrets that other lawyers don't want you to know... because after watching this class, many of you will be able to do it yourself without dipping into your savings to hire a lawyer to do it. Due to Edmund's demanding schedule, this free class is for a limited-time only, so click the link below to watch now before this class is no longer offered:

____________________

About Attorney Edmund Yan:

Hi, Edmund here. I’ve helped hundreds of clients design a meaningful future and leave a legacy of love. Because of my dedication to my clients, I’ve received many humbling awards, including:
🏆 Awarded 10 Best Estate Planning Attorney (AIOLC)
🏆 Clients' Choice Award (Avvo)
🏆 Voted in the top 2.5% of estate planning attorneys under 40 years old for 7 straight years (Super Lawyers Rising Star)

Thanks for watching! If you enjoyed this video and want to see more like it, be sure to hit that subscribe button and turn on notifications so you never miss a new upload.
____________________

Legal Disclaimer:

The information in this YouTube video (1) is not, nor is it intended to be, legal advice; (2) does not create an attorney-client relationship between you and our law firm; (3) provides personal perspectives on legal news and developments; and (4) is provided solely for informational purposes and may be considered ATTORNEY ADVERTISING. We do not warrant that this information is complete or accurate, and we encourage you to do your own legal research or hire an attorney to ensure your legal questions are answered. We do not guarantee that you and your family will avoid probate court. Results vary depending on your own ability to make your living trust and other estate planning documents correctly. Watching this video, leaving a comment, or communicating with Edmund Yan or Tree of Life Law Firm by email or over the Internet does not create any attorney-client relationship unless an attorney-client agreement is signed. Edmund Yan is licensed in California and New York only. Prior results do not guarantee a similar outcome. If you have legal questions specific to your unique situation, you should speak to an attorney in your state.

[treeoflifelawfirm]

Hi friends, was this video helpful? Please leave a comment below so we can make more practical videos on how to transfer your business to your children without causing family conflicts!

[brothersministries]

Please do you do Ministry Trusts or Non- profit Trusts