In 1948 Harry and Esther Snyder started In-N-Out Burger in Baldwin Park, California. If you visit their website today you will see a vibrant company with 283 locations in 5 states (http://www.in-n-out.com/). But beneath this exterior lies a story of family strife and dysfunction and a fight for control of the company. Forbes did a recent article on this (http://tiny.cc/p6c0tw), and concentrated on Lynsi Torres (a grandaughter of the founders and who Forbes calls “one of the richest 30-year-olds in the world”).
No doubt when the Snyders started their company and set up their estate plan, they never envisioned such family problems. The lesson to be learned is to build and maintain an estate plan that encompasses your family values just as much as it does your family balance sheet. You want your success to be a foundation for even better things for your heirs, your community and your chosen charities.