We served a young, married couple in their 30s, living in NC. They have a 1 year-old son. The husband owns 2 businesses and the wife works full-time.
We put in place a plan for them where, if and when something happens to them, their son will receive support and distributions from their trust, so that their son is taken care of financially and as a whole.
Make sure all assets, including businesses, benefit and go to their son. Make sure their son is “good.”