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That's thinking only about the business transaction, not about the personal implications financially once it via. But, as business people, we can be too focused concerning the deal itself and not what signifies personally, financially, to ourselves and our families.
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Additionally, this doctrine of fiduciary responsibility extends in the management any sort of endowment or retirement assets that the Board controls. Be sure the Board having a "Investment Committee" composed of highly qualified financial professionals (they do not have in order to become members of your Board) who meet regularly to assess the performance among the funds of their care.
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The #1 reason might be to avoid the agony, prohibitive cost of PROBATE and unnecessary delay in settling an estate when one passes outside. Families who have been through Probate do n't need to subject their partners to have that torture and humiliating experience no more.
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