How should an entrepreneur who has amassed a ten million dol

How should an entrepreneur who has amassed a ten million dollar estate consisting of both personal and real property should establish a trust or will that protects her interests while living and yet ensures that the estate is passed on to her heirs?

Solution

A trust is most favored instrument. As the entrepreneur is desirous of protecting her interests while living, a revocable / living trust is suggested. The assets would circumvent a probate, court procedures and the not so desirous event of making this a public record. On her passing away it automatically becomes an irrevocable trust. The undesirable part of this instrument is that it is subject to estate taxes. However, as the entrepreneur would like to actively manage the trust and stay in control of her assets the objectives are fairly met though at some cost.