 Mark and Keith ran a successful import business. When Keith died he left his estate (including his half interest in the business) equally to his two adult children. Mark offered to buy them out at a fair price. Unfortunately, they refused, preferring to take an active role in the business. Within 18 months the business failed. Mark was forced to establish a rival company and effectively start from scratch. Naturally, many of the remaining clients transferred with him. He did lose some important contracts which had a major impact on future viability. The children ended up with virtually no inheritance. In this case, had an effective business buy/sell agreement been put in place together with a funding strategy, the business would have continued to thrive and the children would have received a substantial inheritance. 
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