Estate Planning is Succession Planning
Estate Planning is really Succession Planning.
Succession planning considers that a family is in one way a vertically-integrated economic unit.
That is, that one day upon your passing, your assets are bequeathed to your children and their children. This process of succession planning can also be called Inter-Generational Financial Planning.
The Family Home is a key component when making estate planning decisions. The family home contains two great benefits for you and your children.