Fisher age $53$ is a small business owner. He and his wife, Janet age $52$ have the following assets:

Fisher's bank account, residence, brokerage account, life insurance, retirement account and business $=$$$26\mathrm{.}8M$

Janet's bank account, retirement, brokerage, business $=$$$13\mathrm{.}32M$

The fishers have determined would like to reduce estate tax by making use of the estate tax exemption. $(\{$:$${11\mathrm{.}4}^{**}2=$$$22\mathrm{.}8M).$ The Fisher's

have $3$ children $(31,29,27)$ and $9$ grandchildren $3$ from each child varying in ages from $1$ to $6.$ the children are healthy, happily married, and

are of moderate means. Fishers have done no estate planning and have no estate planning documents.

a$.$ What are your recommendations to the fishers regarding their estate planning? $($Mention at least $3$ recommendations varying from

documents required for estate planning, property titling, and ownership that will help them avoid probate and manage the business better $)$