Business people and sports fans alike will surely recall the major league divorce battle of the McCourts over the ownership of the Los Angeles Dodgers or the contested dispute over the mental capacity of Donald Sterling to administer a family trust owning the Los Angeles Clippers. Unplanned events can change the ownership or control of your business.
Divorce is unfortunately a foreseeable event in the United States (approximately 40 to 50 percent of married couples divorce). Mental illness and mental incapacity are also commonplace, especially for aging business owners entering the latter stages of their life. As we all know, death is a certainty.
