Your will may provide how the estate should be distributed, if one of the legatees dies before you. If not, you can change your will to reflect how you want the estate divided, after the loss of your child.
Planning for the future of a farm, ranch or business can be a lot more complicated than just making a will, especially if there is more than one heir.
After tough years building their businesses, most business owners take great pride in what they've created. Some owners are so proud and dedicated to their businesses that they don't wish to retire. Instead, they intend to continue leading the business they love, until their dying day.