Decades of work can be dissipated unnecessarily and preventable by having a plan in place. Expand all items + Your Succession Team Having one or more of your family members take over the business will ...

A succession plan for a family business should address the following questions: Do you want your children to take over the business? Some children but not others? Are your children able to take ...

A successful succession plan creates a structure the business can follow through ... In particular, family succession plans provide a template for transferring the business to the next generation.

Success planning is emerging as a crucial yet often underdeveloped component of wealth management for family offices ...

It is often hard to know where to start when it comes to succession planning. The following documents help family businesses and farm businesses start planning for their future. Estate planning for a ...

Succession planning for the family business takes one of three main forms — selling, holding or transitioning the business." Transitioning the family business takes many forms. Advisers have multiple ...

Fortunately, there are steps you can take to help prevent family conflict and protect your business. Fans of the series “Yellowstone” are familiar with the drama. A long-held family ranch ...

Erskine is a trusts and estates attorney. Family business owners face an overwhelming array of challenges—everything from succession planning and market risks to rising taxes and unpredictable ...

The process of family business succession planning may take five years or more. Any family business that starts this process only at the time the need for succession arises will find that it is ...