Nearly a third of family business owners (31.4 percent) have no estate plan beyond a will. Only 53.5 percent of these owners reported having a “good understanding” of estate taxes that could be due. This is despite the fact that estate plans can help significantly reduce and sometimes eliminate federal estate or state inheritance taxes. Source: Family Business Center Got an interesting Fast Fact for a business audience? Please send and share it with our 1,653 subscribers. Click here to subscribe to Read|Delete and receive fast facts delivered weekly. firstname.lastname@example.org | 301.575.0332 | Biz Tek Today You can also connect with Offit Kurmanvia Facebook,Twitter,Google+,YouTube, and LinkedIn.