Without proper estate planning, the heirs to a successful business may be required to sell it just to pay the estate tax bill.

Question

Quizplus · Accepted Answer

This is because the estate tax is based on the total value of the estate, which may include the value of the business. Without proper planning, the heirs may not have enough cash on hand to pay the estate tax bill and may be forced to sell the business or other assets to cover the cost.

Without Proper Estate Planning, the Heirs to a Successful Business