Family Business Succession, Estate Equalization and Wills Variation Act

Most parents feel strongly about ensuring that their children are treated equally in their will. For many, this is a moral obligation, and, on the surface that would seem easy to accommodate.  Often, however, this is not the case.  Most estates are not totally liquid at the death of the testator and some assets are harder to divide than others.  This is particularly true when a family business is involved, especially when many business owners have up to 80% or more of their wealth tied up in the family enterprise.

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