So your kids are in grammar school? Plan anyway

Considering how the transfer of assets will go in a family can never start early enough. 

Your objective is to preserve the value of the business and personal assets you've created, no matter how old you and your kids are. 

The uncertainty over the estate tax exemption (US) in the next few years means that the best idea is to discuss strategy now rather than later.

Most financial experts advise that you revise your estate plan every five years or as lifestyle issues change.

Remember, the estate and valuation issues with your business don't exist in a vacuum.  To ensure that the value of your business will benefit your kids and future generations, you need to do some very prescient planning.