My dad, Irving, called my two brothers and I into a private meeting one day centered on him telling us that we each needed to get an estate plan done. He also instructed us to put together buy-sell agreements for our family business.
At the time, I, as the last full-time member having joined the business, had worked five full years even though I was just 25. Marty was 29, and Richie was 28, and we thought, “We’re young… so… why do we need to do this?”