If you put your parents as executors and now they are living in a nursing home, will they be in sound mind to make sound business decisions.
Too often people think about what they want in their will but they do not put enough effort of who will be the executor. If you have children who inherit the business when they turn 25 but they are 5 years old today, that means that the trustee may be making decisions for 20 years. If they are elderly when you die and will be 100 when the kids are 25 do you think they will be able to make decisions?
Do you have alternates or a mechanism to appoint a new trustee\executor. If not what happens to your estate?