I know there were discussions in regard to it, but I think he felt that he would always be here. Selling off assets is not a viable solution for dealers. I can t sell my used car operation, or my body shop, or my service department and keep the new car franchises, says Ross. It s everything or nothing. The Ross family eventually devised a plan to pay the tax over time and set about making arrangements for future heirs.
Estate planning requires constant upkeep.
Norma Ross works on it weekly, and Jenell Ross estimates that it will take five to ten more years for her family to pay off the tax and have its estate plan secured for the future. Ross Motors received Buick s Mark of Excellence in 1999 as well as a 20th year award from Mercedes-Benz and the GMC Leader of Distinction Award in 1998. She also envisions several other opportunities, including additional franchises. And she is ever mindful of planning for the future of Ross Motors.