What is business succession planning?
In some cases, a family business is the most important asset in a family’s financial well being. Business succession planning is a type of estate plan for people with family owned businesses. The specific planning includes who takes care and runs the family business after the passing of the principal owner or operator. The business succession planning typically includes life insurance planning, estate planning and contract law. The cost and complexity of a business succession plan vary with the type of business, and the objective of the plan. Contact Us for more information.
