Planning for the next generation to take over operations of a family business is always a delicate matter. Our attorneys are well versed in both the legal and psychological aspects that guide the decision making in these matters. For a recent plan, we expanded the business structure of the family’s farming operations by using trusts, limited liability companies, and S corporations not just optimize estate and income tax benefits for the succession, but also to provide for the slow and guided relinquishment of operational control over time. This structure let the next generation slowly move up to the “next level” as they matured and gained a greater understanding of the business.