James runs a rapidly growing family business. Things are going great now, but he worries about the future. If he should suddenly become incapacitated, who will run the enterprise for the benefit of his wife and children, none of whom has yet mastered the skills required to manage a commercial operation?

After consulting with his attorney, James came up with a solution: a revocable trust which designates a skilled trustee to take the reins of the business in the event that James can no longer perform his duties. By helping to assure the long-term survival of the enterprise, the trust ...