You are a partner at a CPA firm, and Scott is a very successful businessman has approached you for some advice. He confides that his brother Mark had a health scare, and it got him thinking about the future and his plans. Scott is very family-oriented. He has a wife and three children. All three of his children are adults. One is working in the family consulting business, one is considering taking a position with the family business, and the third has special needs and still lives with Scott. The business is organized and operated as an S-Corporation with 100 shares outstanding, and Scott owns them all. In addition, Scott has planes, boats, homes in multiple states, and an investment portfolio. His net worth is somewhere around 40 million before the value of the business, and the business is probably worth another 20 million. Scott is in his late 50s and would like some ideas about making sure his family is taken care of and he pays the taxman as little as possible. He understands you will help him develop a very detailed plan over time.

a. What would be 5 things he could do today to help ensure that he's heading in the right direction?