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The best-laid plans: estate planning at its most effective includes more than just divvying up the assets.

Publication: Progressive Grocer
Publication Date: 15-MAY-05 		Format: Online - approximately 720 words
Delivery: Immediate Online Access

Article Excerpt
When it comes to the issue of how to handle estate planning, leadership expert Vince Crew has some interesting advice for the heads of family-owned retail businesses--advice that's liable to ignite some controversy if discussed at the next family board meeting.

"Avoid the mistake of leaving it all to the kids," says Crew. In other words, there should be more to a family legacy than money. "As a parent, concentrate on transferring to the next generation assets of the heart."

Crew, president of Naples, Fla.-based REACH Development Services, says sharing such "assets of the heart" helps children to grow up responsibly and develop the character, discipline, ability,...

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