Thanks very much for taking the time to share with me how you were able to handle this situation. I really like the idea of having life insurance policies in place as a method of ensuring that both the business and estate fare equally well.

I certainly do see how the process of defining the value of the business can be a real nightmare with too much money going towards legal fees.

I'm still in a quandry over the idea of being able to leave my share of the business to my children. The idea of creating a family legacy through the business is very compelling, while at the same time frightening knowing that the same would apply to the partner and his family.

While I'm not yet definite on which path to take, your input will make it a whole easier. Thanks again.