You considered a lot when you set up your family business, from obtaining financing to selecting an entity. Your children were no doubt a factor as well. Some of it was good; with a family-run business, you can keep control between those you love. Some of it may have been concerning; will it cause tension in the family? Will kids have the desire to take over?
On Tuesday, it was announced that George Lucas-creator of the Star Wars films-agreed to sell his company LucasFilm to Disney for a total of $4.05 billion in cash and stock. Estate planning experts have said that the agreement was a wise decision on Lucas' part, since cashing out now allows him to remove from his family the burden of managing his empire once he's passed on.