and how can we minimize the taxes? How do we hedge against foreseeable risks, like inflation, outliving their assets, or the financially devastating probability of needing long-term care? EVERY OPERATION NEEDS A SECOND PLAN But every operation needs a second plan, which we call The Egg Truck Plan in honor of Jim. What if the unthinkable happens, and you don't get the chance to live out your dreams? What is your contingency plan to keep the wheels from falling off the operation, and your family from spiraling into arguments and acrimony if you die, get sick or get dementia? Is your family and operation prepared? Having good intentions doesn't guarantee success. Both plans must address a range of issues: Who will own the operation? Who will manage it? How do we keep key nonfamily managers on board? How have you communicated your intentions to your family? How do we prevent a breakdown of trust and communication among the children Spudman.com 33http://jhbiotech.com http://www.Spudman.com